International Trade and Labor Markets

Welfare, Inequality and Unemployment

This volume collects theoretical papers on the labor market effects of international trade that Udo Kreickemeier has published, together with different co-authors, over the past decade. Many contributions contained in this volume feature labor market imperfections that give rise to involuntary unemployment, and in those contributions, the question of how trade affects aggregate employment typically takes center stage in the analysis. Another recurring theme in many papers is the link between international trade and the income distribution within countries. The channels explored in the different papers include union wage premia, exporter wage premia due to firm-level rent sharing, and ability premia to entrepreneurs that are able to capitalize on their high productivity in global markets.

Contents:

• Author Bio

• Introduction

• Globalisation with Distortion-Free Labour Markets:

  • Globalisation and Factor Returns in Competitive Markets (Rod Falvey and Udo Kreickemeier)
  • Offshoring Domestic Jobs (Hartmut Egger, Udo Kreickemeier and Jens Wrona)

• International Trade and Minimum Wages:

  • Unemployment and the Welfare Effects of Trade Policy (Udo Kreickemeier)
  • Tariff Reforms with Rigid Wages (Rod Falvey and Udo Kreickemeier)
  • The Le Châtelier Principle in the Theory of International Trade (Udo Kreickemeier

• International Trade and Unionised Labour Markets:

  • Unions, Competition, and International Trade in General Equilibrium (Paulo Bastos and Udo Kreickemeier)
  • Non-Traded Goods, Globalisation, and Union Influence (Udo Kreickemeier and Frode Meland)

• Globalisation and Fair Wages:

  • Fair Wages, Unemployment, and Technological Change in a Global Economy (Udo Kreickemeier and Douglas Nelson)
  • International Fragmentation: Boon or Bane for Domestic Employment? (Hartmut Egger and Udo Kreickemeier)
  • Firm Heterogeneity and the Labor Market Effects of Trade Liberalization (Hartmut Egger and Udo Kreickemeier)
  • Redistributing Gains from Globalization (Hartmut Egger and Udo Kreickemeier)
  • Fairness, Trade, and Inequality (Hartmut Egger and Udo Kreickemeier)
  • Why Foreign Ownership May Be Good for You (Hartmut Egger and Udo Kreickemeier)

Readership: Graduate students and researchers interested in the topics of international trade, inequality and labor markets.