The contribution of this paper is to derive an optimal redistribution scheme for trade gains in the case of a … government's objective function that explicitly accounts for the equity-efficiency trade-off. The government pays unemployment …-type framework with unionized labor markets and heterogeneous workers we show that there is a clear-cut ranking of the redistribution …

The contribution of this paper is to derive an optimal redistribution scheme for trade gains in the case of a … government's objective function that explicitly accounts for the equity-efficiency trade-off. The government pays unemployment …-type framework with unionized labor markets and heterogeneous workers we show that there is a clear-cut ranking of the redistribution …

How does international trade affect income redistribution? We consider a country where the government uses a nonlinear … trade: opening borders may decrease welfare even after the optimal policy adjustment …

Over the last two decades, world trade and production have become increasingly organized around global value chains … evolution over time in order to contribute to this topic. We find that GVC-related trade, rather than conventional trade, has a … the standard gravity literature for GVC trade; highlighting the key role of institutional features such as contract …