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Good jobs, bad jobs, and trade liberalization
In: NBER working paper series 13139
Globalization threatens "good jobs at good wages", according to overwhelming public sentiment. Yet professional discussion often rules out such concerns a priori. We instead offer a framework to interpret and address these concerns. We develop a model in which monopolistically competitive firms pay efficiency wages, and these firms differ in both their technical capability and their monitoring ability. Heterogeneity in the ability of firms to monitor effort leads to different wages for identical workers - good jobs and bad jobs - as well as equilibrium unemployment. Wage heterogeneity combines with differences in technical capability to generate an equilibrium size distribution of firms. As in Melitz (2003), trade liberalization increases aggregate efficiency through a firm selection effect. This efficiency-enhancing selection effect, however, puts pressure on many "good jobs", in the sense that the high-wage jobs at any level of technical capability are the least likely to survive trade liberalization. In a central case, trade raises the average real wage but leads to a loss of many "good jobs" and to a steady-state increase in unemployment.
A search for multiple equilibria in urban industrial structure
In: NBER working paper series 10252
What role for empirics in international trade?
In: NBER working paper series 8543
Economic geography and regional production structure: an empirical investigation
In: Staff reports
In: Federal Reserve Bank of New York 40
The home market, trade, and industrial structure
In: Discussion paper series 1800
Critical Evidence on Comparative Advantage? North‐North Trade in a Multilateral World
In: Journal of political economy, Band 105, Heft 5, S. 1051-1060
ISSN: 1537-534X
Critical Evidence on Comparative Advantage? North-North Trade in a Multilateral World
In: Journal of political economy, Band 105, Heft 5, S. 1051
ISSN: 0022-3808
Does European Unemployment Prop Up American Wages?
In: NBER Working Paper No. w5620
SSRN
Trade Liberalization and Income Distribution
In: NBER Working Paper No. w5693
SSRN
Intra-industry trade: A Heckscher-Ohlin-Ricardo approach
In: Journal of international economics, Band 39, Heft 3-4, S. 201-226
ISSN: 0022-1996
Maxims & Precedent in Classical Hindu Law
In: Indologica Taurinensia, Band 33, S. 33-55
SSRN
The Oxford history of Hinduism: Hindu law : a new history of Dharmaśāstra
In: The Oxford history of Hinduism
Studies in Hindu law and Dharmaśāstra
In: Anthem South Asian normative traditions studies