Trade and labour standards: theory and new empirical evidence
Vivek Dehejia, Yiagadeesen Samy
Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. Labour interests in high-standards countries argue that low...
Eugene Beaulieu, Vivek Dehejia, Hazrat-Omar Zakhilwal
In this paper we examine the impact of international trade on the absolute and relative wages of educated and less-educated workers in Canada over 1993-96. We show that after correcting for the...
Labor Standards and Economic Integration in the European Union: An Empirical Analysis
Vivek Dehejia, Yiagadeesen Samy
This study is motivated by frequent calls to harmonize labor standards across countries, which result from the fear that economic integration (and the accompanying liberalization of trade flows) will...
Will Gradualism Work When Shock Therapy Doesn't?
When shock therapy is politically infeasible, will gradualism work? Mussa (1986) conjectured, in the context of a neoclassical model of adjustment, that the answer was ‘yes’. This paper takes up...
Optimal Restructuring Under a Political Constraint: A General Equilibrium Approach
This paper considers the generalized second-best analytics of optimal restructuring under a political constraint, building on the modelling approach in Dehejia (1997). It is shown that the...
Output And Unemployment Dynamics In Transition
Dehejia, Vivek, Dwyer, Douglas W
This paper examines transition dynamics in a search economy. We contrast two extreme cases: a completely unexpected reform and a fully anticipated reform. We view the former as a metaphor for a...
Macroeconomic Stabilization: Fixed Exchange Rates Vs Inflation Targeting Vs Price Level Targeting
Dehejia, Vivek, Rowe, Nicholas
We argue that the traditional question 'fixed vs. flexible exchange rates?' is not well-defined, because 'flexible exchange rates' does not explicitly specify any particular monetary policy. In...
Output and unemployment dynamics in transition
This paper examines transition dynamics in a search economy. We contrast two extreme cases: a completely unexpected reform and a fully anticipated reform. We show that announcing the reform in...
International Income Comparisons and Location Choice: Methodology, Analysis, and Implications.
This paper contributes to ongoing debates on international income comparisons by deploying a novel methodology for constructing empirical distribution functions for the United States and Canada over...
Can Median-Maximizing Behavior Be Rational?
In this note, we consider a perennial problem in single-person choice theory, that is, characterizing choice under uncertainty. In particular, we consider a hypothesis put forward by Joseph Stiglitz...