2023-09-28 14:46:10 +00:00
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abstract: 'This study proposes a simple theory of trade with endogenous firm
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productivity, occupational choice and income inequality. Individuals
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with different managerial talent choose to become entrepreneurs or
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workers. Entrepreneurs enhance firm productivity by investing in
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managerial capital. The model generates three income classes: low-income
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workers facing the prospect of unemployment, middle-income entrepreneurs
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managing domestic firms and high-income entrepreneurs managing global
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firms. Trade liberalization policies raise unemployment and improve
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welfare. A reduction in per-unit trade costs raises top incomes and
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generates labour-market polarization. A reduction in fixed exporting
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costs has an ambiguous effect on top incomes and personal income
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distribution. Policies reducing labour-market frictions or the costs of
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managerial-capital acquisition create more jobs and improve welfare. The
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income distributional effects of labour-market policies depend on which
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policy is implemented.'
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affiliation: 'Unel, B (Corresponding Author), Louisiana State Univ, Dept Econ, Baton
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Rouge, LA 70803 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: 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: 10.1111/caje.12262
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eissn: 1540-5982
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files: []
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issn: 0008-4085
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journal: CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE
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keywords-plus: 'TRADE LIBERALIZATION; INTERNATIONAL-TRADE; LABOR-MARKET; FIRM
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HETEROGENEITY; WAGE INEQUALITY; UNEMPLOYMENT; PRODUCTIVITY;
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GLOBALIZATION; EMPLOYMENT; DYNAMICS'
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language: English
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month: MAY
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number: '2'
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number-of-cited-references: '47'
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pages: 365-397
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papis_id: 0a69fc4c8ae9c0e9ac82e6ce8daa1f29
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ref: Dinopoulos2017managerialcapital
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times-cited: '12'
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title: Managerial capital, occupational choice and inequality in a global economy
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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:000403590500002
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usage-count-last-180-days: '0'
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usage-count-since-2013: '5'
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volume: '50'
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web-of-science-categories: Economics
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year: '2017'
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