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Expansions or contractions of sectors intensively use female labor must affect female labor force participation (FLFP). We suggest that, whenever trade and international specialization expand sectors intensive in female labor, FLFP actually drops. This is because expansions of those sectors come...
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emerging markets, their precautionary savings can generate substantial "global imbalances", especially if there is an … at a global level (though the required real interest may be negative). While a precautionary savings glut appears to be a …
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