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also throughout the developing world. This stylized fact is contrary to the predictions of classical trade theory that in …
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This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...
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This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...
Persistent link: https://www.econbiz.de/10013318592
The rise in income inequality in developing countries after trade liberalization has been a puzzle for trade theory …
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