Economic Integration in a Risky Environment: Labor Market Participation and Education Decisions

Janeba, Eckhard ; Protte, Benjamin

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Document Type: Working paper
Year of publication: 2012
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > Finanzwissenschaft u. Wirtschaftspolitik (Janeba 2004-)
Subject: 330 Economics
Abstract: In this paper we contribute to the understanding of how decisions about education and labor market participation interact with international economic integration. Individuals are heterogenous in their skills and trade occurs between sectors characterized by oligopolistic competition. Within this setting, individuals decide on their type of education and on labor market participation subject to the degree of international integration as well as education subsidies and unemployment benefits provided by the government. We derive the impact of various policy changes on education and labor markets, e.g. that the effects of productivity shocks are amplified by trade integration. In an extension with endogenous firm entry, the effectiveness of home education subsidies decreases in economic integration and increases in foreign education subsidies. This allows for policy coordinations mitigating adverse effects of trade integration.

Dieser Eintrag ist Teil der Universitätsbibliographie.

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