Human Capital, Trade Liberalization, and Income Risk

Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on wo...

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Bibliographic Details
Main Authors:	Krebs, Tom, Krishna, Pravin, Maloney, William
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGGREGATE TRENDS AGGREGATE VOLATILITY ASSET PRICING BUSINESS CYCLE CAPITAL CAPITAL ACCUMULATION CHANGES IN TRADE COMPARATIVE ADVANTAGE CONSUMERS DATA SET DEMAND ELASTICITY DEPENDENT VARIABLE DEVELOPED COUNTRIES DISTRIBUTION OF INCOME DOWNWARD RIGIDITY OF WAGES ECONOMETRIC ISSUES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC STATISTICS ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL ESTIMATES EMPIRICAL LITERATURE EMPIRICAL RESULTS EMPIRICAL WORK EXPECTED UTILITY FACTOR MARKETS FACTORS OF PRODUCTION FOREIGN COMPETITION FREE TRADE GENERAL EQUILIBRIUM MODEL GROWTH RATE HIGH INFLATION HUMAN CAPITAL IMPACT OF TRADE INCOME INCOME DATA INCOME FLUCTUATIONS INCOME LEVELS INCOME RISK INCOME SHOCK INCOME SHOCKS INCOMPLETE MARKETS INCREASED INEQUALITY INCREASING FUNCTION INDIVIDUAL INCOMES INEQUALITY INFLATION RATES INTERNATIONAL TRADE JOB CREATION LABOR DEMAND LABOR DEMAND FUNCTIONS LABOR FORCE LABOR INCOME LABOR MARKET LABOR MARKETS LIBERALIZATION OF TRADE LONGITUDINAL DATA LOW INCOME LOWERING TRADE BARRIERS MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC FACTORS MACROECONOMIC VARIABLES MATHEMATICAL ECONOMICS MEAN GROWTH MEAN VALUE MEASUREMENT ERROR MICROECONOMICS MONETARY ECONOMICS OPENNESS PERMANENT INCOME PERMANENT INCOME HYPOTHESIS POLICY CHANGE POLICY CHANGES POLICY PERSPECTIVE POLICY REFORMS POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECTS PUBLIC POLICY RANDOM WALK REAL WAGE REAL WAGES REGRESSION ANALYSIS REGRESSION RESULTS RESOURCE ALLOCATION RISK AVERSE RISK AVERSION SAVINGS SERIAL CORRELATION SERIAL DEPENDENCE SIGNIFICANT RELATIONSHIP SKILLED WORKERS TARIFF DATA TARIFF RATE TOTAL COSTS TRADE LIBERALIZATION TRADE POLICY TRADE REFORM TRADE REFORMS TRANSFER PAYMENTS TRANSITORY SHOCKS UNEMPLOYMENT UNSKILLED WORKERS UTILITY FUNCTION WAGE INEQUALITY WAGE RATE WAGE RATES WAGES WEALTH WORKERS EXPERIENCE
Online Access:	http://documents.worldbank.org/curated/en/2007/07/7848133/human-capital-trade-liberalization-income-risk http://hdl.handle.net/10986/7467

Internet

http://documents.worldbank.org/curated/en/2007/07/7848133/human-capital-trade-liberalization-income-risk
http://hdl.handle.net/10986/7467

Human Capital, Trade Liberalization, and Income Risk

Internet

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