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This paper analyses the effects of redistribution in a model of international trade with heterogeneous firms in which a … fair-wage effort mechanism leads to firm-specific wage payments and involuntary unemployment. The redistribution scheme is …
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The contribution of this paper is to derive an optimal redistribution scheme for trade gains in the case of a …-type framework with unionized labor markets and heterogeneous workers we show that there is a clear-cut ranking of the redistribution …
Persistent link: https://www.econbiz.de/10009632225
The contribution of this paper is to derive an optimal redistribution scheme for trade gains in the case of a …-type framework with unionized labor markets and heterogeneous workers we show that there is a clear-cut ranking of the redistribution …
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