Inequality and Unemployment in a Global Economy

DSpace/Manakin Repository

Inequality and Unemployment in a Global Economy

Citable link to this page

 

 
Title: Inequality and Unemployment in a Global Economy
Author: Helpman, Elhanan; Itskhoki, Oleg; Redding, Stephen

Note: Order does not necessarily reflect citation order of authors.

Citation: Helpman, Elhanan, Oleg Itskhoki, and Stephen Redding. 2010. Inequality and unemployment in a global economy. Econometrica 78: 1239–1283. doi: 10.3982/ECTA8640
Full Text & Related Files:
Abstract: This paper develops a new framework for examining the determinants of wage distributions that emphasizes within-industry reallocation, labor market frictions, and differences in workforce composition across firms. More productive firms pay higher wages and exporting increases the wage paid by a firm with a given productivity. The opening of trade enhances wage inequality and can either raise or reduce unemployment. While wage inequality is higher in a trade equilibrium than in autarky, gradual trade liberalization first increases and later decreases inequality.
Published Version: 10.3982/ECTA8640
Other Sources: http://www.princeton.edu/~reddings/papers/HIRopen_020910.pdf
http://www.nber.org/papers/w14478
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#OAP
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:25586656
Downloads of this work:

Show full Dublin Core record

This item appears in the following Collection(s)

 
 

Search DASH


Advanced Search
 
 

Submitters