Download or read book Wage Inequality and Input Trade Liberalization written by Chen Bo and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates how input trade liberalization affects fiijrm-level wage inequality between skilled and unskilled labor. A fall in input tariffs generates increased fiijrm proጿits, which, in turn, widens wage inequality since skilled labor enjoys a larger proportion of the incremental proጿits. We analyze this type of channel with an augmented Amiti-Davis (2012) model. Using Chinese fiijrm-level production data, we fiijrst estimate and calculate fiijrm-level wage inequality, which is found to be much greater than that in the U.S. After controlling for possible endogeneity, we ጿind evidence consistent with our theoretical prediction that input trade liberalization widens within-fiijrm wage inequality.
Download or read book Trade Liberalization and Wage Inequality written by Ms.Prachi Mishra and published by International Monetary Fund. This book was released on 2005-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure. The empirical strategy uses variation in industry wage premiums and trade policy across industries and over time. In contrast to earlier studies on developing countries, we find a strong, negative, and robust relationship between changes in trade policy and changes in industry wage premiums over time. The results are consistent with liberalization-induced productivity increases at the firm level, which get passed on to industry wages. Since tariff reductions were proportionately larger in sectors that employ a larger share of unskilled workers, the increase in wage premiums in these sectors implies that unskilled workers experienced an increase in their relative incomes. Thus, our findings suggest that trade liberalization has led to decreased wage inequality in India.
Download or read book International Trade Wage Inequality and the Developing Economy written by Sugata Marjit and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the impact that international trade is likely to have on the skilled-unskilled wage gap in a typical developing economy. This is the first theoretical monograph on this particular issue which has already generated substantial debate and voluminous work for the developed countries. A unique feature of this work is that it tries to explain the possibility of rising inequality across trading nations and looks at the segmented labour markets of the poor economies. It makes convincing arguments that the standard general equilibrium models, the main workhorse of trade theory, can be given a creative facelift to address a number of critical and emerging issues in the area of trade and development.
Download or read book Does Tariff Liberalization Increase Wage Inequality written by Branko Milanovi? and published by World Bank Publications. This book was released on 2005 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the paper is to answer an often-asked question : if tariff rates are reduced, what will happen to wage inequality ? We consider two types of wage inequality : between occupations (skills premium), and between industries. We use two large data bases of wage inequality that have become recently available and a large dataset of average tariff rates all covering the period between 1980 and 2000. We find that tariff reduction is associated with higher inter-occupational and inter-industry inequality in poorer countries (those below the world median income) and the reverse in richer countries. The results for inter-occupational inequality though must be treated with caution.
Download or read book Trade and Inequality written by Pinelopi K. Goldberg and published by Edward Elgar Publishing. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research review brings together the most influential theoretical and empirical contributions to the topic of trade and inequality from recent years. Segregating the subject into four key areas, it forms a comprehensive study of the subject, targeted at academic readers familiar with the main trade models and empirical methods used in economics. The first two parts cover empirical evidence on trade and inequality in developed and developing countries, while the third and fourth sections confront transition dynamics following trade liberalization and new theoretical contributions inspired by the previously-discussed empirical evidence, respectively. Presented with an extensive original introduction by the editor, Trade and Inequality will be an invaluable tool in the study of this field to advanced undergraduate students, graduate students and faculty alike.
Download or read book Trends in Traiff Reforms and Trends in Wage Inequality written by Sebastian Galiani and published by World Bank Publications. This book was released on with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Globalization and Inequality written by Elhanan Helpman and published by Harvard University Press. This book was released on 2018-08-06 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization is not the primary cause of rising inequality. That is the conclusion of this penetrating study by Elhanan Helpman, a leading expert on international trade. If we wish to curb inequality while protecting what is best about globalization, he shows, we must start with a clear view of how globalization does, and does not, shape our world.
Download or read book Trade Liberalization and Wage Inequality written by Mariya Mileva and published by . This book was released on 2015 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the short run and in the long run. In the short run, wage inequality is mainly driven by an increase in inter-sectoral wage inequality, while in the medium to long run, wage inequality is driven by an increase in the skill premium. Incorporating worker training in the model considerably reduces the effects of trade liberalization on wage inequality. The effects on wage inequality are much more adverse when trade liberalization is unilateral instead of bilateral or restricted to specific sectors instead of including all sectors.
Download or read book Input Trade Liberalisation and Wage Inequality with Non Traded Goods written by Soumyatanu Mukherjee and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a multi-sector full-employment general equilibrium model for a typical developing country (DC hereafter) like India with internationally non-traded goods and international fragmentation in skill-intensive production, to explore the general equilibrium impact of such trade-induced growth in the skill-intensive sector on informal sector wages and employment and most importantly, how this impact is mediated through the existence of finished non-tradable and the corresponding domestic demand-supply forces. The economy is also characterised by dual unskilled labour market with unionized formal and non-unionised informal sectors, consistent with the empirical literature on India. The idea is to judge theoretically how far the growth in the skill-intensive sector due to the tariff-reduction on the imported inputs in the skill-intensive production has contributed to the movement in informal unskilled wage and consequently to the direction of relative wage-gap. Numerical analysis has also been performed to simulate how the changes in elasticities of factor substitution in production in different sectors account for the movement in informal wage and therefore the movement in skilled-unskilled wage gap. This paper challenges the view that the relative wageinequality in a DC like India with rigid organised sector labour market has unequivocally been governed only by the increase in the skilled wages.
Download or read book Trade Liberalization and Wage Inequality written by Prachi Mishra and published by . This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade Jobs and Inequality written by Ms. Kimberly Beaton and published by International Monetary Fund. This book was released on 2021-07 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import competition on employment, wages, and firm performance, as well as the firm, industry, and country factors that mitigate any negative impact of an import shock. In contrast to the results of some well-known single-country studies, we find limited adverse impact of import competition. In some countries and industries, import competition actually strengthens employment growth. In addition, import competition tends to improve average wages, investment, and firm profitability. Country characteristics, such as educational attainment, can also improve employment prospects in response to trade shocks. Finally, we find that firms experiencing greater import competition start with higher average wages; thus any relatively slower employment growth in this group of firms could lead to lower inequality.
Download or read book International Trade Liberalization and Gender Wage Inequality written by Lisa B. Meyer and published by . This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade Liberalization Firm Entry and Income Inequality written by Chi-Chur Chao and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the short- and long-run effects of trade liberalization via tariff reductions on income inequality in an economy, which is characterized by an imperfectly competitive urban manufacturing sector and a perfectly competitive rural agricultural sector. Tariff reductions reduce domestic output in the importable urban manufacturing sector, leading to shifts of capital from the urban sector to the rural agricultural sector. This can narrow the wage gap between skilled and unskilled labor in the short run. However, the lowered capital cost attracts new firms, and subsequently excessive entry of firms, to the urban manufacturing sector. This firm entry effect can mitigate the favorable effect of tariff reductions on wage inequality in the long run. Empirical study confirms the findings.
Download or read book Does Trade and Technology Transmission Facilitate Inequality Convergence An Inquiry Into the Role of Technology in Reducing the Poverty of Nations written by Gouranga Gopal Das and published by International Monetary Fund. This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on stylized evidence showing variation of the Gini coefficient of income inequality across skill cohorts and on the rapid rise in trade in technology-intensive goods, the ripple effects of technology transmission and income inequality are explored in a global Computable General Equilibrium (CGE) framework. An exogenous technology shock transmitted via trade from the United States induces productivity growth in developing regions. This spillover capture-aided by absorptive capability, better governance and institutions, technological symmetry and social acceptance-causes income to increase and income inequality to decline. The conjoined parameters retard growth's inequality-enhancing effect and thus facilitate long-run convergence of inequality between nations.
Download or read book Trade Liberalization Skill linked Intermediate and Two sided Wage Gap written by Sugata Marjit and published by . This book was released on 2005 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Gender Aspects of the Trade and Poverty Nexus written by Maurizio Bussolo and published by World Bank Publications. This book was released on 2009-04-09 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade liberalization can create economic opportunities for poor people. But are these opportunities available to men and women equally? Do the gender disparities in access to education, health, credit, and other resources limit the gains from trade and the potential benefits to poor women? This volume introduces the gender dimension into empirical analyses of the links between trade and poverty, which can improve policy making. The collection of chapters in this book is close to an ideal macro-micro evaluation technique that explicitly assesses the importance of gender in determining the poverty effects of trade shocks. Part I, relying on ex ante simulation approaches, focuses on the macroeconomic links between trade and gender, where labor market structure and its functioning play a key role. Part II concentrates on micro models of households and attempts to identify the ex post effects of trade shocks on household income levels and consumption choices. It also addresses questions about possible changes in inequality within households due to improved economic opportunities for women. 'Gender Aspects of the Trade and Poverty Nexus' will be invaluable to policy makers, development practitioners and researchers, journalists, and students.
Download or read book Wage Inequality Increased Competition and Trade Liberalization written by Sajid Anwar and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of increased competition and trade liberalization on skilled-unskilled wage inequality in the short run as well as the long run. It is shown that an increase in the number of firms in the producer services sector increases wage inequality in the short run even if the income shares of capital in the industrial and agricultural sectors were identical. A decrease in the services sector's fixed cost decreases wage inequality in the short run if the income share of capital in the agricultural sector is relatively large. Owing to the presence of external economies, a decrease in the services sector's fixed cost increases wage inequality in the long run. A decrease in import duty on the agricultural good increases wage inequality in the short as well as the long run but its effect in the long run is stronger due to the presence of external economies in the industrial sector.
