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Foreign Investment with Endogenous Protection

Grossman, Gene M. - 2011

Jagdish Bhagwati coined the phrase quid pro quo foreign investment to describe international investments made in anticipation of host country trade policy and perhaps with the intention of defusing a protectionist threat. We apply Bhagwati's notion to situations where (i) foreign investment is...

Persistent link: https://www.econbiz.de/10013125846

Inequality and Unemployment in a Global Economy

Helpman, Elhanan - 2010

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/10012758160

Wages, Unemployment and Inequality with Heterogeneous Firms and Workers

Helpman, Elhanan - 2010

In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find...

Persistent link: https://www.econbiz.de/10012759114

Globalization and Wage Inequality

Helpman, Elhanan - 2016

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/10012977276

Learning, Career Paths, and the Distribution of Wages

Caicedo, Santiago - 2016

We develop a theory of career paths and earnings in an economy in which agents organize in production hierarchies … of the theory with U.S. census data for the period 1990 to 2010. The model matches well the Lorenz curve of earnings as …

Persistent link: https://www.econbiz.de/10012994891

Organization and Inequality in a Knowledge Economy

Garicano, Luis; Rossi-Hansberg, Esteban - 2021

We present a theory of the organization of work in an economy where knowledge is an essential input in production: a … may produce on their own or in organizations. Our theory generates an assignment of workers to positions, a wage structure … referral markets. We use our theory to study the impact of information and communication technology, and contrast its …

Persistent link: https://www.econbiz.de/10013231868

Trade Wars and Trade Talks

Grossman, Gene M.; Helpman, Elhanan - 2021

Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and noncooperative trade relations have focused on governments that are immune from political pressures...

Persistent link: https://www.econbiz.de/10013240527

Offshoring in a Knowledge Economy

Antras, Pol; Garicano, Luis; Rossi-Hansberg, Esteban - 2022

question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents …

Persistent link: https://www.econbiz.de/10013323444

Protection for Sale

Grossman, Gene M.; Helpman, Elhanan - 2021

We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium. the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...

Persistent link: https://www.econbiz.de/10013229813