Comparative advantage and social protection

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• 作者：Boccard ; Nicolas ; van Ypersele ; Tanguy ; Wunsch ; Pierre
• 关键词：Economic integration ; Political economy ; Social protection ; H23 ; H55 ; F15 ; J38
• 刊名：European Journal of Political Economy
• 出版年：2003
• 期刊代码：14_01762680
• 类别：eco
• 出版时间：June, 2003
• 卷：19
• 期：2
• 页码：247-264
• 文件大小：213 K

摘要

This paper considers social protection, in the form of a minimum wage, in a global market. We show that trade, even without factor mobility, puts downward pressure on the level of the minimum wage determined by majority voting. This is due to the industrial specialization that results from the imposition of different minimum wages. We show that cooperation between governments to establish a common policy benefits the majority in each country but increases unemployment.