1. Recent developments on trade and inequality.
- Author
-
Dai, Mi
- Subjects
ECONOMIC development ,REAL income ,INCOME inequality ,FREE trade ,INCOME distribution ,REMANUFACTURING - Abstract
This paper surveys developments in the literature on trade and inequality over the past decade. I first discuss the impact of trade on nominal income inequality, with a focus on firm heterogeneity and the role of mobility frictions. Then, I provide an overview of the literature on the redistributional role of government in an open economy. Finally, I assess the current state of studies on how trade affects real income inequality through the expenditure channel. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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