Capital market integration and gender inequality
نویسندگان
چکیده
منابع مشابه
Capital Market Integration and Wages
For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries that do not liberalize. The temporary increase in the growth rate of the real wage drives up the level of average annual compens...
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We re-examine, from a political economy perspective, the standard view that higher capital mobility results in lower capital taxes a view, in fact, that is not confirmed by the available empirical evidence. We show that when a small economy is opened to capital mobility, the change of incidence of a tax on capital from capital owners to owners of the immobile factor may interact in such a way w...
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This paper analyzes some of the implications of North American labor market integration for fiscal policy. The economies of Canada and the US are both characterized by highly integrated internal markets for goods and services as well as for labor and capital, and subnational governments in both economies play an important role in the financing and provision of public goods and services, includi...
متن کاملLabor Market Integration in the Presence of Social Capital
and participants at a World Bank seminar, for useful comments. The views expressed here are mine and do not necessarily reflect those of the World Bank or its affiliated organizations. iii ABSTRACT Labor market integration is typically assumed to raise welfare in the absence of distortions because it allows labor to move to where returns are highest. This result is examined in a simple general ...
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The paper analyzes an endogenous mechanism leading perfectly symmetric economies to diverge in the long run after unifying their financial asset markets. The standard OLG growth model is extended to include uncertainty and a financial asset used to transfer ownership of the proceeds of an exogenous random production process between generations. Consumers are risk averse, implying that consumers...
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ژورنال
عنوان ژورنال: Review of Development Economics
سال: 2019
ISSN: 1363-6669,1467-9361
DOI: 10.1111/rode.12593