Product Market Integration, Comparative Advantages and Labour Market Performance

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Product Market Integration, Comparative Advantages and Labour Market Performance

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dc.contributor.author Andersen, Torben M. en_US
dc.contributor.author Skaksen, Jan Rose en_US
dc.date.accessioned 2009-02-04T10:27:35Z
dc.date.available 2009-02-04T10:27:35Z
dc.date.issued 2004-01-23T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7506
dc.description.abstract Product Market Integration, Comparative Advantages and Labour Market Performance* 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. JEL Classification: F15, J30, J50 Keywords: trade frictions, wage formation, employment, welfare gains en_US
dc.format.extent 21 s. en_US
dc.language eng en_US
dc.relation.ispartofseries IZA Discussion paper;2003-698 en_US
dc.subject.other industrial relations en_US
dc.subject.other udenrigshandelsteori en_US
dc.subject.other komaparative fordele en_US
dc.subject.other lønteori en_US
dc.subject.other beskæftigelse en_US
dc.subject.other velfærdsøkonomi en_US
dc.title Product Market Integration, Comparative Advantages and Labour Market Performance en_US
dc.type wp en_US
dc.accessionstatus modt04jan23 inrumo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.corporation Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor en_US
dc.contributor.department Institut for Nationaløkonomi en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON
dc.idnumber x645152101 en_US
dc.publisher.city København en_US
dc.publisher.year 2003 en_US


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