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Product Market Integration, Comparative Advantages and Labour Market Performance

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dc.creator Andersen, Torben M.
dc.creator Skaksen, Jan Rose
dc.date 2003
dc.date.accessioned 2013-10-16T07:11:35Z
dc.date.available 2013-10-16T07:11:35Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20639
dc.identifier ppn:362047014
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20639
dc.description In a two-country model with trade driven by comparative advantages, it is considered how imperfectly competitive labour markets are affected by lower frictions in international goods trade. Easier goods trading is equivalent to increased mobility of employment across countries and thus a change in the trade-off between wages and employment faced by wage setters. While the effects of product market integration on the trade-off between wages and employment in general is ambiguous, it is shown that product market integration works like a general improvement in productivity via the specialization it allows through trade. Unambiguously, real wages and employment and welfare improve upon reductions in trade frictions, and therefore workers are better off irrespective of whether the market power of unions is enhanced or muted.
dc.language eng
dc.relation IZA Discussion paper series 698
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J30
dc.subject J50
dc.subject F15
dc.subject ddc:330
dc.subject trade frictions
dc.subject wage formation
dc.subject employment
dc.subject welfare gains
dc.subject Wirtschaftsunion
dc.subject Komparativer Kostenvorteil
dc.subject Marktintegration
dc.subject Außenhandelseffekt
dc.subject Lohnstruktur
dc.subject Humankapital
dc.subject Einkommensverteilung
dc.subject Arbeitslosigkeit
dc.subject Ungelernte Arbeitskraefte
dc.subject Theorie
dc.title Product Market Integration, Comparative Advantages and Labour Market Performance
dc.type doc-type:workingPaper

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