De-globalisation, welfare state reforms and labour market outcomes

Hassan Molana, Catia Montagna and George Onwordi

No 2020-19, Discussion Papers from University of Nottingham, GEP

Abstract: Within an open economy framework characterised by vertical linkages in production and search frictions and two-sided heterogeneity in the labour market, raising trade barriers is shown to increase unemployment across skill levels, and to reduce labour market participation and aggregate income. These effects are not necessarily moderated by maintaining frictionless mobility of capital across borders. We find that a flexicurity reform of a liberal welfare state can dampen the adverse effects of de-globalisation.

Keywords: Flexicurity; Welfare State; Globalisation; Participation; Unemployment. (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-dge and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.nottingham.ac.uk/gep/documents/papers/2020/2020-20.pdf (application/pdf)

Related works:
Journal Article: De-Globalization, Welfare State Reforms and Labor Market Outcomes (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:not:notgep:2020-20

Access Statistics for this paper

More papers in Discussion Papers from University of Nottingham, GEP School of Economics University of Nottingham University Park Nottingham NG7 2RD. Contact information at EDIRC.
Bibliographic data for series maintained by Hilary Hughes ().