Globalization, jobs, and welfare: the roles of social protection and redistribution
"This paper studies the welfare and policy implications of globalization when risk averse workers face the risk of unemployment. If the jobs performed by domestic workers can be easily substituted by imports, then globalization reduces wages and increases unemployment. In this situation, in the...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2015
CESifo |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19114006124919322889-Globalization,-jobs,-and-welfa.htm |
| _version_ | 1771659901783769088 |
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| author | Ranjan, Priya |
| author_facet | Ranjan, Priya |
| collection | Library items |
| description | "This paper studies the welfare and policy implications of globalization when risk averse workers face the risk of unemployment. If the jobs performed by domestic workers can be easily substituted by imports, then globalization reduces wages and increases unemployment. In this situation, in the absence of any government intervention globalization not only reduces the welfare of workers but could reduce social welfare as well. Both unemployment benefits and severance payments can protect workers against labor income risk, but the latter enhances welfare more if job destruction is the source of unemployment. When optimal redistribution and social protection policies are in place, globalization necessarily improves social welfare." |
| format | TEXT |
| id | 19114006124919322889_a184e3baaccd4267ae57a109f46de186 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19114006124919322889_a184e3baaccd4267ae57a109f46de186 |
| is_hierarchy_title | Globalization, jobs, and welfare: the roles of social protection and redistribution |
| language | English |
| physical | 49 p. Digital |
| publishDate | 2015 |
| publisher | Munich CESifo |
| spellingShingle | Ranjan, Priya globalization international relations severance pay social protection unemployment unemployment benefit welfare state Globalization, jobs, and welfare: the roles of social protection and redistribution |
| title | Globalization, jobs, and welfare: the roles of social protection and redistribution |
| topic | globalization international relations severance pay social protection unemployment unemployment benefit welfare state |
| url | https://www.labourline.org/KENTIKA-19114006124919322889-Globalization,-jobs,-and-welfa.htm |