2023-09-28 14:46:10 +00:00
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abstract: 'We propose a simple theory of endogenous firm productivity,
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unemployment, and top income inequality. High-talented individuals
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choose to become self-employed entrepreneurs and acquire more managerial
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(human) capital; whereas low-talented individuals become workers and
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face the prospect of equilibrium unemployment. In a two-country global
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economy, trade openness raises firm productivity, increases top income
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inequality, and may reduce welfare in the country exporting the good
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with lower relative labor-market frictions. Trade openness reduces firm
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productivity, lowers top income inequality, and necessarily raises
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welfare in the other country. The effect of trade on unemployment is
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ambiguous. Unilateral job-creating policies increase welfare in both
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countries. However, they reduce unemployment and raise top income
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inequality in the policy-active country; and reduce top income
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inequality while increasing unemployment in the policy-passive country.
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(C) 2015 Elsevier B.V. All rights reserved.'
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affiliation: 'Dinopoulos, E (Corresponding Author), Univ Florida, Dept Econ, Gainesville,
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FL 32611 USA.
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Dinopoulos, Elias, Univ Florida, Dept Econ, Gainesville, FL 32611 USA.
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Unel, Bulent, Louisiana State Univ, Dept Econ, Baton Rouge, LA 70803 USA.'
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author: Dinopoulos, Elias and Unel, Bulent
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author-email: 'dinopoe@ufl.edu
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bunel@lsu.edu'
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author_list:
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- family: Dinopoulos
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given: Elias
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- family: Unel
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given: Bulent
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da: '2023-09-28'
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doi: 10.1016/j.euroecorev.2015.07.010
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eissn: 1873-572X
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files: []
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issn: 0014-2921
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journal: EUROPEAN ECONOMIC REVIEW
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keywords: Inequality; Managerial capital; Search and matching; Trade; Unemployment
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keywords-plus: 'LABOR-MARKET RIGIDITIES; UNEMPLOYMENT; PRODUCTIVITY; TECHNOLOGY; WAGES;
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INEQUALITY; EXPORTS; IMPACT'
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language: English
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month: OCT
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number-of-cited-references: '45'
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pages: 93-112
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papis_id: 347c864612282e5ff41beb5667ee4c41
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ref: Dinopoulos2015entrepreneursjobs
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times-cited: '12'
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title: Entrepreneurs, jobs, and trade
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000363075000006
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usage-count-last-180-days: '0'
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usage-count-since-2013: '13'
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volume: '79'
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web-of-science-categories: Economics
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year: '2015'
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