The impact of trade liberalization on firms' product and labor market power

被引：0
|
作者：
Dobbelaere, Sabien [1 ,2 ,3 ]
Wiersma, Quint [2 ,4 ]
机构：
[1] Vrije Univ Amsterdam, Dept Econ, De Boelelaan 1105, NL-1081 HV Amsterdam, Netherlands
[2] Tinbergen Inst, Gustav Mahlerpl 117, NL-1082 MS Amsterdam, Netherlands
[3] Inst Lab Econ IZA, Schaumburg Lippe Str 5-9, D-53113 Bonn, Germany
[4] Vrije Univ Amsterdam, Dept Econometr & Data Sci, De Boelelaan 1105, NL-1081 HV Amsterdam, Netherlands
来源：
INDUSTRIAL AND CORPORATE CHANGE | 2024年
关键词：
STATE SECTOR; CHINA; MARKUPS; PERFORMANCE; WAGE; IMPERFECTIONS; COMPETITION; INEQUALITY; UNIONS;
D O I：
10.1093/icc/dtae030
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of price-cost markups and either wage markups or wage markdowns, taking the dependence between these model-consistent measures of product and labor market power into account. Exploiting reductions in tariffs upon China's World Trade Organization accession, we find that trade liberalization has not switched firms away from exercising product and labor market power. Reducing input tariffs has widened price-cost markups, narrowed wage markdowns, and widened wage markups at the firm level. We reveal heterogeneous trade liberalization effects on the intensity of firms' product and labor market power.
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页数：24
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