کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
957157 | 928512 | 2011 | 35 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Globalization and labor market outcomes: Wage bargaining, search frictions, and firm heterogeneity
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We introduce search unemployment into Melitz's trade model. Firms' monopoly power on product markets leads to strategic wage bargaining. Solving for the symmetric equilibrium we show that the selection effect of trade influences labor market outcomes. Trade liberalization lowers unemployment and raises real wages as long as it improves average productivity. We show that this condition is likely to be met by a reduction in variable trade costs or by entry of new trading countries. Calibrating the model shows that the long-run impact of trade openness on the rate of unemployment is negative and quantitatively significant.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 146, Issue 1, January 2011, Pages 39–73
Journal: Journal of Economic Theory - Volume 146, Issue 1, January 2011, Pages 39–73
نویسندگان
Gabriel Felbermayr, Julien Prat, Hans-Jörg Schmerer,