wow-inequalities/02-data/intermediate/wos_sample/4a3bd18f56db976f5033c7b00451f74b-rama-m/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'Does globalization affect labor market outcomes? Can labor market
policies mitigate or offset the effects? Would these policies have
important side effects on efficiency? This article addresses these
questions through an analytical survey of the literature, including
several studies under preparation. Some of the studies use new
cross-country databases of wages and other labor market indicators.
Although all the answers should be considered tentative, some patterns
emerge. Different aspects of globalization have different consequences.
In the short run wages fall with openness to trade and rise with foreign
direct investment. But after a few years the effect of trade on wages
becomes positive. Foreign direct investment also increases
(substantially) the returns to education. Social protection programs are
effective in reducing inequality. Minimum wages, public sector
employment, and core labor standards are not. Between these two
extremes, collective bargaining works mainly for the middle class.
Social protection programs do not adversely affect efficiency, but high
public sector employment and trade union membership are associated with
weaker performance in the context of adjustment.'
author: Rama, M
author_list:
- family: Rama
given: M
da: '2023-09-28'
doi: 10.1093/wbro/lkg010
files: []
issn: 0257-3032
journal: WORLD BANK RESEARCH OBSERVER
keywords-plus: 'PUBLIC-SECTOR; TRADE LIBERALIZATION; INCOME INEQUALITY; WAGE INEQUALITY;
MINIMUM-WAGES; INVESTMENT; EDUCATION; POLICIES; IMPACT; MEXICO'
language: English
month: FAL
number: '2'
number-of-cited-references: '51'
pages: 159-186
papis_id: 69d4ba36b7a48bf1458f03f4195a915a
ref: Rama2003globalizationlabor
times-cited: '21'
title: Globalization and the labor market
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000187228600002
usage-count-last-180-days: '0'
usage-count-since-2013: '16'
volume: '18'
web-of-science-categories: Development Studies; Economics
year: '2003'