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Trade liberalization and wage inequality: new insights from a dynamic trade model with heterogeneous firms and comparative advantage

机译:贸易自由化和工资不平等:来自具有异质公司和比较优势的动态贸易模型的新见解

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The authors develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization and potential policy responses to reduce wage inequality. They calibrate the model to simulate trade liberalization between the US and China. In the short run, inter-sectoral wage inequality is high but then recedes as more and more workers move to the expanding exporting sector. The skill premium does not change much in the short run but increases substantially in the medium and long run. Training subsidies are more powerful than sector-migration subsidies in reducing the wage inequality induced by trade liberalization.
机译:作者开发了一种具有比较优势,异质企业,异质工人和内生企业进入的动态一般均衡贸易模型,以研究贸易自由化后的调整期间的工资不平等以及减少工资不平等的潜在政策对策。他们对模型进行了校准,以模拟中美之间的贸易自由化。在短期内,部门间的工资不平等程度很高,但随着越来越多的工人转移到不断扩大的出口部门,这种不平等现象逐渐消失。技能溢价在短期内不会有太大变化,但在中长期内会大幅增加。在减少由贸易自由化引起的工资不平等方面,培训补贴比部门移民补贴更有力量。

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