Showing 1 - 8 of 8
The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...
Persistent link: https://www.econbiz.de/10012462231
We study a simple, tractable model of labor adjustment in a trade model that allows us to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, we can use duality techniques to study the equilibrium, and despite its simplicity a rich...
Persistent link: https://www.econbiz.de/10012465184
We construct a dynamic, stochastic rational expectations model of labor reallocation within a trade model that is designed so that its key parameters can be estimated for trade policy analysis. A key feature is the presence of time-varying idiosyncratic moving costs faced by workers. As a...
Persistent link: https://www.econbiz.de/10012465185
A number of authors have argued that a worker's occupation of employment is at least as important as the worker's industry of employment in determining whether the worker will be hurt or helped by international trade. We investigate the role of occupational mobility on the effects of trade...
Persistent link: https://www.econbiz.de/10012460157
We investigate the effects of inward FDI on income distribution and absolute living standards in Vietnam using census data from 1989-2009. We compute the number of employees of foreign establishments in each of Vietnam's provinces for each year, and use that as a measure of local FDI. We...
Persistent link: https://www.econbiz.de/10012455750
that an increase in globalization in the sense of lower transaction costs has no effect on equilibrium workers' rights, but … effect of globalization on labor rights is ambiguous. Empirically, we find little evidence that globalization drives …
Persistent link: https://www.econbiz.de/10014322751
We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization …
Persistent link: https://www.econbiz.de/10012463601
We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized … with globalization than it would under autarky, because labor standards are a normal good and the general increase in … incomes from globalization increases demand for them. We call this the effect of `globalization in the large.' Second, if more …
Persistent link: https://www.econbiz.de/10014322750