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Institut für Weltwirtschaft (IfW), Kiel >
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http://hdl.handle.net/10419/30255
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| Title: | | Wage subsidies and international trade: When does policy coordination pay?  |
| Authors: | | Braun, Sebastian Spielmann, Christian |
| Issue Date: | | 2010 |
| Series/Report no.: | | Kiel working paper 1599 |
| Abstract: | | National labour market institutions interact across national boundaries when product markets are global. Labour market policies can thus entail spill-overs, a fact widely ignored in the academic literature. This paper studies the effects of wage subsidies in an international duopoly model with unionised labour markets. We document both positive and negative spill-over effects and discuss the benefits and costs from international policy coordination both for the case of symmetric and asymmetric labour market institutions. Our results suggest that institutional differences could sign responsible for the slow speed at which labour market policy coordination has progressed so far. |
| Subjects: | | Trade Wage subsidies policy spill-overs international policy coordination unionised labour markets trade asymmetric labour market institutions |
| JEL: | | F16 F42 J38 H87 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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