Aloi, Marta; Leite-Monteiro, Manuel; Lloyd-Braga, Teresa - In: Journal of International Economics 78 (2009) 1, pp. 149-153
This paper studies the effects of international integration of capital markets in a world where countries differ in their labor market institutions: one country has a perfectly competitive labor market while the other is unionized. We show that workers should favor autarky in the unionized...