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Wage subsidies and international trade: When does policy coordination pay?
Braun, Sebastian; Spielmann, Christian - Institut für Weltwirtschaft (IfW) - 2012
National labour market institutions interact across national boundaries when product markets are global. Labour market policies can thus entail spill-overs, which suggests that there are benefits from international policy coordination. This paper studies the effects of wage subsidies in an...
Persistent link: https://www.econbiz.de/10009646509
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Wage subsidies and international trade: When does policy coordination pay?
Braun, Sebastian; Spielmann, Christian - Institut für Weltwirtschaft (IfW) - 2010
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
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Trade, Education, and The Shrinking Middle Class
Blanchard, Emily; Willmann, Gerald - Institut für Weltwirtschaft (IfW) - 2013
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