Arbeitspapier
Wedges: Distribution, Distortions, and Market Integration
This paper proposes a stylized model of policy determination and imperfect international integration. A country-specific policy wedge corrects labor market imperfections and/or redistributes welfare across differently wealthy agents. Capital market integration with the rest of the world, indexed by another wedge, shapes the politico-economic equilibrium policy through race-to-the-bottom and beggar-thy-neighbor channels. The policy and welfare implications of tighter international integration depend in sharp and empirically realistic ways on country-specific political and structural features.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6627
- Klassifikation
-
Wirtschaft
International Economic Order and Integration
Factor Income Distribution
Labor Economics Policies
- Thema
-
policy competition
capital mobility
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bertola, Giuseppe
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bertola, Giuseppe
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2017
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