Trade Policy, Income Risk and Welfare

preview-18
  • Trade Policy, Income Risk and Welfare Book Detail

  • Author : Tom Krebs
  • Release Date : 2005
  • Publisher : World Bank Publications
  • Genre : Commercial policy
  • Pages : 51
  • ISBN 13 :
  • File Size : 8,8 MB

Trade Policy, Income Risk and Welfare by Tom Krebs PDF Summary

Book Description: "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

Disclaimer: www.yourbookbest.com does not own Trade Policy, Income Risk and Welfare books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Trade Policy, Income Risk and Welfare

Trade Policy, Income Risk and Welfare

File Size : 88,88 MB
Total View : 1867 Views
DOWNLOAD

"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical anal

Trade Policy, Income Risk, and Welfare

Trade Policy, Income Risk, and Welfare

File Size : 41,41 MB
Total View : 7358 Views
DOWNLOAD

This paper develops a framework to study empirically the relationship between trade policy and individual income risk and to evaluate the associated welfare con

Loss Aversion and Trade Policy

Loss Aversion and Trade Policy

File Size : 92,92 MB
Total View : 2077 Views
DOWNLOAD

"Freund and Ă–zden provide new survey evidence showing that loss aversion and reference dependence are important in shaping people's perception of trade policy.

Trade Reform and Household Welfare

Trade Reform and Household Welfare

File Size : 38,38 MB
Total View : 3012 Views
DOWNLOAD

August 2001Results from a two-step simulation that uses a computable general equilibrium model and detailed consumption and income household data suggest that t