of employment across countries and thus a change in the trade-off between wages and employment faced by wage setters …. While the effects of product market integration on the trade-off between wages and employment in general is ambiguous, it is … through trade. Unambiguously, real wages and employment and welfare improve upon reductions in trade frictions, and therefore …

outsourcing, is a reduction in the wage rate and an increase in employment. Aggregate welfare increases, but the trade union … the wage rate and a reduction in employment. Aggregate welfare decreases, but the trade union becomes better off, while …

of employment across countries and thus a change in the trade-off between wages and employment faced by wage setters …. While the effects of product market integration on the trade-off between wages and employment in general is ambiguous, it is … through trade. Unambiguously, real wages and employment and welfare improve upon reductions in trade frictions, and therefore …