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Abstract
A widespread concern is that labor market institutions erode in the course of globalization, which, in turn, decreases employment and wages. By using panel data and cross-sectional data, I investigate the influence of globalization on labor market regulation. I use the indicators of labor market institutions by Gwartney et al. (2012) and the KOF indices of globalization. To deal with potential reverse causality, I employ a system GMM panel estimator and use a constructed trade share as proposed by Frankel and Romer (1999) as an instrumental variable for globalization in cross-sectional models. The results do not show that globalization induced labor market deregulation.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > CESifo-Professorship for Public Finance |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
Item ID: | 19288 |
Date Deposited: | 15. Apr 2014, 08:49 |
Last Modified: | 04. Nov 2020, 13:00 |
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Globalization and Labor Market Institutions: International Empirical Evidence. (deposited 15. Apr 2014, 08:49)
- Globalization and labor market institutions: International empirical evidence. (deposited 15. Apr 2014, 08:49) [Currently Displayed]