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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...
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This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 … countries during 1970-2014, we apply a new instrumental variable, exploiting globalization's geographically diffusive character …, and find differential gains from globalization both across and within countries: Income gains are substantial for …
Persistent link: https://www.econbiz.de/10011848124
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. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge …-histories of International Math Olympiad (IMO) medalists, we show that migrants to the U.S. are up to six times more productive … than migrants to other countries-even after accounting for talent during one's teenage years. Third, financing costs are a …
Persistent link: https://www.econbiz.de/10012518315
German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather...
Persistent link: https://www.econbiz.de/10012155220
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...
Persistent link: https://www.econbiz.de/10014400631
This paper draws on existing empirical literature and an original theoretical model to argue that globalization and …
Persistent link: https://www.econbiz.de/10014395381
distancing. Our estimates imply that if the pandemic had hit the world 5 years ago, the resulting unemployment rate would have …
Persistent link: https://www.econbiz.de/10012391986