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Persistent link: https://www.econbiz.de/10010206913
diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10012459150
Persistent link: https://www.econbiz.de/10003931312
This paper is a partial exploration of mechanisms through which global factors influence the tradeoffs that U.S. monetary policy faces. It considers three main channels. The first is the determination of domestic inflation in a context where international prices and global competition play a...
Persistent link: https://www.econbiz.de/10012479987
Persistent link: https://www.econbiz.de/10003875797
This paper develops a new framework for examining the distributional consequences of trade liberalization that is consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation within and between industries. While the opening of...
Persistent link: https://www.econbiz.de/10012464169
Persistent link: https://www.econbiz.de/10011609049
Globalization has been blamed for rising inequality in rich and poor countries. Yet the views of many protagonists in this debate are not based on evidence. To help form an evidence-based opinion, I review in this paper the theoretical and empirical literature on the relationship between...
Persistent link: https://www.econbiz.de/10012455736