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The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …
Persistent link: https://www.econbiz.de/10012162484
higher average wages; thus any relatively slower employment growth in this group of firms could lead to lower inequality …This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … firm-level dataset to examine the impact of import competition on employment, wages, and firm performance, as well as the …
Persistent link: https://www.econbiz.de/10013306781
Why do politicians advocate trade protections to save domestic jobs when neoclassical trade models suggest that small open economies should implement free trade? The novel insight of this paper is that trade protections can be rationalized as a second-best policy that improves the domestic...
Persistent link: https://www.econbiz.de/10013001821
In this paper the welfare effects of tariffs and import quotas in the presence of involuntary unemployment are derived and compared. The framework used is the standard model of a competitive small open economy with many goods and factors. Optimum levels of the respective trade policy instruments...
Persistent link: https://www.econbiz.de/10014067339
assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a … labor market reforms for 28 OECD countries. Welfare effects of trade agreements are magnified when accounting for employment … changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …
Persistent link: https://www.econbiz.de/10010341027
assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a … labor market reforms for 28 OECD countries. Welfare effects of trade agreements are magnified when accounting for employment … changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …
Persistent link: https://www.econbiz.de/10009683242
assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a … labor market reforms for 28 OECD countries. Welfare effects of trade agreements are magnified when accounting for employment … changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …
Persistent link: https://www.econbiz.de/10013315832
countries to additionally include informal employment (chapter 3) as well as the relation between foreign direct investment …, trade, and informal employment as illustrated by the maquiladora industry in Mexico (chapter 4), the interaction between …
Persistent link: https://www.econbiz.de/10011742960
In this paper, we present two alternative models of trade and unemployment, in which unemployment is generated through a search mechanism. The basic framework of the first model is Ricardian in that the only factor of production is labor and trade is based on relative technological differences....
Persistent link: https://www.econbiz.de/10014220838
Persistent link: https://www.econbiz.de/10013185261