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Optimal Education Policies and Comparative Advantage
Bougheas, Spiros - 2009
We consider the optimal education policies of a small economy whose government has a limited budget. Initially, the economy is closed and the government chooses its education policy to maximize welfare under autarky. Then the economy trades with the rest of the world. Lastly, the government...
Persistent link: https://www.econbiz.de/10013160221
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The Bazaar Effect, Unbundling of Comparative Advantage, and Migration
Kohler, Wilhelm - 2007
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this reflects an unbundling of comparative advantage. Using a model where Ricardian plus Heckscher-Ohlin-type comparative advantage relates to fragments of production, I compare a trading...
Persistent link: https://www.econbiz.de/10012777491
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Offshoring Tasks, Yet Creating Jobs?
Kohler, Wilhelm - 2010
We show that in a Ricardo-Viner-type trade model with unemployment due to search and matching the productivity effect of offshoring emphasized by Grossman & Rossi-Hansberg (2008) emerges as a vehicle of job creation. Improvements in the technology of offshoring causes job losses at the extensive...
Persistent link: https://www.econbiz.de/10013144365
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Growth and Welfare Under Endogenous Lifetime
Schneider, Maik T. - 2017
We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households' savings are held in annuities. We characterize healthcare spending in...
Persistent link: https://www.econbiz.de/10012960113
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Outsourcing, Unemployment and Welfare Policy
Keuschnigg, Christian; Ribi, Evelyn - 2021
The paper investigates the consequences of outsourcing of labor intensive activities to lowwage economies. This trend challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance markets are missing. The main results are: (i)...
Persistent link: https://www.econbiz.de/10013316451
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Incomplete Contracts and the Impact of Globalization on Consumer Welfare
Defever, Fabrice - 2014
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10013067873
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Globalization, Jobs, and Welfare : The Roles of Social Protection and Redistribution
Ranjan, Priya - 2015
This paper studies the welfare and policy implications of globalization when risk averse workers face the risk of … unemployment. If the jobs performed by domestic workers can be easily substituted by imports, then globalization reduces wages and … increases unemployment. In this situation, in the absence of any government intervention globalization not only reduces the …
Persistent link: https://www.econbiz.de/10013028782
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International Trade and Transnational Insecurity : How Comparative Advantage and Power are Jointly Determined
Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2021
We augment the canonical neoclassical model of trade to allow for interstate disputes over land, oil, water, or other resources. The costs of such disputes in terms of arming depend on the trade regime in place. Under either autarky or free trade, the larger country (in terms of factor...
Persistent link: https://www.econbiz.de/10013316359
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Workfare, Monitoring, and Efficiency Wages
Holzner, Christian - 2006
The impact of a stronger work requirement for welfare recipients in a workfare program is studied in an efficiency wage model where a representative firm chooses its level of monitoring activities. A stricter workfare policy raises employment and monitoring activities. It typically increases...
Persistent link: https://www.econbiz.de/10012779786
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Anonymity, Efficiency Wages and Technological Progress
Broadberry, Stephen N. - 2016
Although the Industrial Revolution is often characterized as the culmination of a process of commercialisation, the precise nature of such a link remains unclear. This paper provides an analysis of one such link: the role of commercialisation in raising wages as impersonal labour market...
Persistent link: https://www.econbiz.de/10012988225