Trade policy, income risk, and welfare
Trade policy, income risk, and welfare:

"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Krebs, Tom (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge, MA National Bureau of Economic Research 2005
Schriftenreihe:NBER working paper series working paper 11255
Schlagworte:
Mathematisches Modell
Ökonometrisches Modell
Mexiko
Mexico > Commercial policy
Commercial policy > Mathematical models
Income > Mathematical models
Income > Mexico > Econometric models
Public welfare > Mathematical models
Public welfare > Mexico
Wages > Effect of international trade on > Mathematical models
Wages > Manufacturing industries > Mexico
Online-Zugang:DE-522
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Zusammenfassung:"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the relationship between trade policy and income risk. Finally, a simple dynamic incomplete-market model is used to assess the corresponding welfare costs. In the implementation of this methodology using Mexican data, we find that trade policy changes have a significant short run effect on income risk. Further, while the tariff level has an insignificant mean effect, it nevertheless changes the degree to which macroeconomic shocks affect income risk"--National Bureau of Economic Research web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 4/7/2005
Erscheinungsjahr in Vorlageform:c2005
Beschreibung:1 Online-Ressource
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