全球智库信息集成服务系统(G2TT): Trade, Offshoring, and the Invisible Handshake

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w15048
来源ID	Working Paper 15048
	Trade, Offshoring, and the Invisible Handshake
	Bilgehan Karabay; John McLaren
发表日期	2009-06-04
出版年	2009
语种	英语
摘要	We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International integration of commodity markets (i.e., free trade) and international integration of factor markets (i.e., offshoring). In a two-country, two-good, two-factor model we show that free trade and offshoring have opposite effects on rich-country workers. Free trade hurts rich-country workers, while reducing the volatility of their wages; by contrast, offshoring benefits them, while raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization.
主题	International Economics ; Trade
URL	https://www.nber.org/papers/w15048
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/572724
推荐引用方式 GB/T 7714	Bilgehan Karabay,John McLaren. Trade, Offshoring, and the Invisible Handshake. 2009.