| Seidel, Tobias (2007): The Impact of Globalisation with Rigid Labour Markets. Dissertation, LMU München: Faculty of Economics |
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Abstract
This dissertation examines the impact of globalisation when labour markets are imperfect. Chapters 2 and 3 start with an overview about recent trends in globalisation and provide evidence for labour market rigidity in developed countries. Chapter 4 studies minimum wages in a simple factor allocation model and derives basic results that are generalised in a Heckscher-Ohlin model in chapter 5. Chapter 6 analyses wage rigidity in a specific factors model. Finally, imperfect labour markets are implemented in a new economic geography framework to show that unemployment fosters agglomeration of economic activity. The main message is that labour market rigidity causes welfare losses from trade in a number of theoretical models. It is argued that wage subsidies can help to overcome both the inefficiency and the distribution problem.
| Item Type: | Theses (Dissertation, LMU Munich) |
|---|---|
| Keywords: | Globalisation, Imperfect Labour Markets, Trade, New Economic Geography |
| Subjects: | 300 Social sciences 300 Social sciences > 330 Economics |
| Faculties: | Faculty of Economics |
| Language: | English |
| Date of oral examination: | 25. January 2007 |
| 1. Referee: | Sinn, Hans-Werner |
| MD5 Checksum of the PDF-file: | 68d0ea79a0418201594710a82fdf2c74 |
| Signature of the printed copy: | 0001/UMC 16379 |
| ID Code: | 7293 |
| Deposited On: | 23. Aug 2007 |
| Last Modified: | 24. Oct 2020 08:16 |
