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Pareto-improving structural reforms
Saint-Paul, Gilles - 2018
regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be … elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation …
Persistent link: https://www.econbiz.de/10011941166
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Migration-regime liberalization and social security : political-economy effect
Razin, Asaf; Sand, Edith - 2009
The pay-as-you-go social security system, which suffers from dwindling labor force, can benefit from immigrants with birth rates that exceed the native-born birth rates in the host country. Thus, a social security system provides effectively an incentive to liberalize migration policy. The paper...
Persistent link: https://www.econbiz.de/10003850506
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An allegory of the political influence of the top 1%
De Donder, Philippe; Roemer, John E. - 2013
We study how rich shareholders can use their economic power to deregulate firms that they own, thus skewing the income distribution towards themselves. Agents differ in productivity and choose how much labor to supply. High productivity agents also own shares in the productive sector and thus...
Persistent link: https://www.econbiz.de/10010210697
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Economic liberalization and savings rates
Mansori, Kashif S. - 2001
This paper considers the possibility that economic liberalization, by which is meant a reduction in tariffs, quotas, capital controls, and other government distortions of international transactions, may reduce private savings rates. A two stage approach is used to analyze a panel data set...
Persistent link: https://www.econbiz.de/10011397942
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Did globalization influence credit market deregulation?
Eppinger, Peter S.; Potrafke, Niklas - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10010528971
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Firm dynamics and residual inequality in open economies
Felbermayr, Gabriel; Giammario, Impullitti; Prat, Julien - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10010250120
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The impact of liberalisation and globalisation on income inequality in developing and transitional economies
Cornia, Giovanni Andrea - 2003
the policy drive towards domestic deregulation and external liberalisation. The paper concludes by analysing the …
Persistent link: https://www.econbiz.de/10011514131
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The political economy of EU enlargement : or, why Japan is not a candidate country?
Adam, Antonis; Moutos, Thomas - 2002
In this paper we argue that strong political economy forces explain the rush of the EU to expand eastwards. We use a model of vertical product differentiation in order to claim that technologically- advanced EU firms (residing in high-income member countries) prefer a mutual market-opening with...
Persistent link: https://www.econbiz.de/10011409769
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Ambiguous protection
Gruendler, Klaus; Hillman, Arye L. - 2021
Import regulations are globally the most prevalent form of intervention in international trade. The regulations should, under rules of the WTO, protect consumers and the environment but can be used to protect producers. We investigate the ambiguity of intent. We set out a model that when applied...
Persistent link: https://www.econbiz.de/10012432992
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Politics and trade policy : an empirical investigation
Eicher, Theo S.; Osang, Thomas - 2001
In this paper we examine the empirical relevance of three prominent endogenous protection models. Is protection for sale, or do altruistic policy makers worry about political support? We find strong evidence that protection is indeed for sale. The important new result is, however, that not only...
Persistent link: https://www.econbiz.de/10011397792