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Full-Text Articles in Social and Behavioral Sciences
International Trade, Factor Mobility And The Persistence Of Cultural-Institutional Diversity, Marianna Belloc, Samuel Bowles
International Trade, Factor Mobility And The Persistence Of Cultural-Institutional Diversity, Marianna Belloc, Samuel Bowles
Economics Department Working Paper Series
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor mobility in which multiple asymptotically stable cultural-institutional conventions may exist, among which transitions may occur as a result of decentralized and un-coordinated actions of employers or employees. We show that: i) specialization and trade may arise and enhance welfare even when the countries are identical …
Free To Move: Migration, Tax Competition And Redistribution, Woojin Lee
Free To Move: Migration, Tax Competition And Redistribution, Woojin Lee
Economics Department Working Paper Series
We study a model of tax competition between two countries when both skilled and unskilled workers make their migration decisions simultaneously and wages are endogenously determined. If both factors of production are allowed to migrate freely and when the demand for skilled labor is not so elastic, the problem typically predicted in the literature of tax competition that increased mobility of production factors will pose a severe threat to redistribution possibility is less acute than it might first appear. The equilibrium tax rate can be not only positive but also increasing in the degree of mobility of unskilled workers. This …
Green And Brown? Globalization And The Environment, James K. Boyce
Green And Brown? Globalization And The Environment, James K. Boyce
Economics Department Working Paper Series
Globalization – viewed as a process of economic integration that embraces governance as well as markets – could lead to worldwide convergence toward higher or lower environmental quality, or to environmental polarization in which the ‘greening’ of the global North is accompanied by the ‘browning’ of the global South. The outcome will not be dictated by an inexorable logic. Rather it will depend on how the opportunities created by globalization alter balances of power within countries and among them.