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National labour market institutions interact across national boundaries when product markets are global. Labour market policies can thus entail spill-overs, a fact widely ignored in the academic literature. This paper studies the effects of wage subsidies in an international duopoly model with...
Persistent link: https://www.econbiz.de/10008592858
We develop a new model of trade in which educational institutions drive comparative advantage and determine the … support of human capital choices to demonstrate that freer trade can induce crowding out of the middle occupations towards the … gains from trade may be non-monotonic in workers' ability, and middle ability agents can lose the most from trade …
Persistent link: https://www.econbiz.de/10010886979