The Redistribution of Trade Gains When Income Inequality Matters
How does a redistribution of trade gains affect welfare when income inequality matters? To answer this question, we extend the [1] model to unionized labor markets and heterogeneous workers. As redistribution schemes, we consider unemployment benefits that are financed either by a wage tax, a payrol...
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| Format: | Article |
| Language: | English |
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MDPI AG
2015-10-01
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| Series: | Economies |
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| Online Access: | http://www.mdpi.com/2227-7099/3/4/186 |