wow-inequalities/02-data/intermediate/wos_sample/1ad660f79ca1cdba678cd67d38253942-ranjan-priya/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'This paper studies the implications of globalization for aggregate
output and welfare when risk averse workers face the risk of
unemployment. The impact of globalization on the welfare of workers and
aggregate output depends on the degree of substitutability between
domestic workers and imported inputs. When the degree of
substitutability is high (low), then globalization reduces (increases)
wages and increases (reduces) unemployment. Irrespective of the
substitutability, free trade doesn''t maximize the aggregate output. A
small tariff (import subsidy) increases aggregate output when the
substitutability is low (high), however, it can exacerbate the
distributional conflict. Domestic labor market policies such as
unemployment benefits and severance payments can protect workers against
labor income risk but the firing restrictions do not. Free trade is
optimal when labor market policies provide insurance against
unemployment. (C) 2016 Elsevier B.V. All rights reserved.'
affiliation: 'Ranjan, P (Corresponding Author), Univ Calif Irvine, Irvine, CA 92697
USA.
Ranjan, Priya, Univ Calif Irvine, Irvine, CA 92697 USA.'
author: Ranjan, Priya
author-email: pranjan@uci.edu
author_list:
- family: Ranjan
given: Priya
da: '2023-09-28'
doi: 10.1016/j.jinteco.2016.08.005
eissn: 1873-0353
files: []
issn: 0022-1996
journal: JOURNAL OF INTERNATIONAL ECONOMICS
keywords: 'Offshoring; Unemployment; Endogenous job destruction; Severance
payments; Unemployment benefits'
keywords-plus: 'UNEMPLOYMENT-INSURANCE; EMPLOYMENT PROTECTION; EQUILIBRIUM; INEQUALITY;
JOBS'
language: English
month: NOV
number-of-cited-references: '34'
pages: 64-79
papis_id: ba905a2c1d1fa8ab2f04c730c17c8c07
ref: Ranjan2016globalizationrisk
times-cited: '1'
title: 'Globalization and risk averse workers: The roles of labor market and trade
policies'
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000390510100005
usage-count-last-180-days: '1'
usage-count-since-2013: '31'
volume: '103'
web-of-science-categories: Economics
year: '2016'