FIW Working Papers | 2009-01

Unemployment and International Trade: The Effects of Minimum wages and non-Traded Goods in Models representing Western Industrialized Countries adn China (in German)

Authors: A. Sitz, F. Sindermann

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Unemployment and International Trade: The Effects of Minimum wages and non-Traded Goods in Models representing Western Industrialized Countries adn China (in German) (pdf, 305.93KiB)

In this paper we investigate "integrated equilibria" of two-country models. Extending the basic framework non-traded goods as well as minimum wages are introduced and their effects on the models' results are studied. Finally, the consequences of three types of labor "shocks" are analyzed.