Trade Policy Income Risk and Welfare is popular PDF and ePub book, written by Tom Krebs in 2005, it is a fantastic choice for those who relish reading online the Commercial policy genre. Let's immerse ourselves in this engaging Commercial policy book by exploring the summary and details provided below. Remember, Trade Policy Income Risk and Welfare can be Read Online from any device for your convenience.
Trade Policy Income Risk and Welfare Book PDF Summary
"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"--NBER website
Detail Book of Trade Policy Income Risk and Welfare PDF
- Author : Tom Krebs
- Release : 30 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Commercial policy
- Total Page : 51 pages
- Language : English
- PDF File Size : 21,7 Mb
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