Similar Search Results

Trade liberalization and wage inequality: New insights from a dynamic trade model with heterogeneous firms and comparative advantage

Lechthaler, Wolfgang; Mileva, Mariya - 2013

We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...

Persistent link: https://www.econbiz.de/10010327852

Trade liberalization and wage inequality: New insights from a dynamic trade model with heterogeneous firms and comparative advantage

Lechthaler, Wolfgang; Mileva, Mariya - 2014

Persistent link: https://www.econbiz.de/10011453718

Smoothing the adjustment to trade liberalization

Lechthaler, Wolfgang; Mileva, Mariya - 2014

We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy meant to compensate the losers of trade liberalization and reduce the ensuing wage inequality. We consider several...

Persistent link: https://www.econbiz.de/10010397123

Comparative advantage and skill-specific unemployment

Larch, Mario; Lechthaler, Wolfgang - 2009

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two … sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment … real wages and unemployment levels in the unskilled labor intensive sector. However, the inequality of workers between …

Persistent link: https://www.econbiz.de/10010265247