Labor in the Global Economy

The Effect of Green Taxes on Labor Productivity in the Iranian Economy

his study attempts to examine the empirical relationship between gasoline taxes (as the most effective energy carrier of emissions) and labor productivities in the case of Iran using the time series data for the period 1990-2015  usingthe autoregressive distributed lag (ARDL) approach. This research tests the interrelationship between the variables using the bounds testing to cointegration proc...

Asymmetries in the Global Economy

Openness is not necessarily good for the poor. Reducing trade protection has not brought growth to today’s poorest countries, and open capital markets have not been good for the poorest households in emerging market economies. In this paper I present evidence on these two points. First, countries highly dependent on primary exports two decades ago, despite their substantial engagement in trade ...

The political economy of labor subsidies

We explore a political-economy model of labor subsidies, extending Meltzer and Richard’s median-voter model to a dynamic setting. We explore only one source of heterogeneity: initial wealth. As a consequence, given an operative wealth effect, poorer agents work harder, and if the agent with median wealth is poorer than average, a politico-economic equilibrium will feature a subsidy to labor. Th...

International Labor Migration in a Globalizing Economy

The Evolution of Labor Earnings Risk in the U.S. Economy∗

A large body of literature has documented an increase in wage inequality over the 1970’s and 1980’s (see, for example, Levy and Murnane, 1992). This increase in wage inequality has occurred both within and between education-experience groups. While the former unfolds during the 1970’s, the latter is experienced over the 1980’s. Recent studies show that these trends are weakened in the 1990’s. T...