Arbeitspapier
Look before you leap: the economics of free trade and income redistribution
Economists tend to exalt the virtues of free international trade, while politicians are more skeptical. This paper suggests that this is the case because politicians mainly worry about the income distribution effects of trade liberalization, while economists focus on efficiency. Using textbook economic analyses we show that compensating the income distribution effects of free trade may be more complicated and hazardous than is often assumed, at least from a comparative static point of view. Hence politicians may favor trade liberalization only when distributional effects are ignored. By using a multitude of analytical tools and approaches, our paper also makes a useful teaching case for undergraduate students to test and gear their thinking about trade policy issues.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1583
- Klassifikation
-
Wirtschaft
Economic Education and Teaching of Economics: General
Trade Policy; International Trade Organizations
Taxation, Subsidies, and Revenue: General
- Thema
-
Trade policy
income distribution
compensation schemes
undergraduate teaching
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gundlach, Erich
de Vaal, Albert
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gundlach, Erich
- de Vaal, Albert
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2010
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