Financial globalization and wage inequality

被引:1
|
作者
Pi, Jiancai [1 ]
Zhang, Kaiqi [1 ]
Huang, Xiangyu [1 ]
机构
[1] Nanjing Univ, Sch Business, Dept Econ, 22 Hankou Rd, Nanjing 210093, Peoples R China
关键词
capital taxation; financial globalization; wage inequality; PUBLIC INFRASTRUCTURE; INCOME INEQUALITY; TAX COMPETITION; QUANTITY COMPETITION; DEVELOPING-COUNTRIES; TAXATION; TRADE; LABOR; INTEGRATION; WEALTH;
D O I
10.1111/sjpe.12333
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes how financial globalization affects skilled-unskilled wage inequality. We treat financial globalization as more regions being integrated into the global financial market. We find that a higher degree of financial globalization will decrease skilled-unskilled wage inequality if it induces a small increase in the capital tax rate. However, a higher degree of financial globalization will increase skilled-unskilled wage inequality if it induces a big increase in the capital tax rate.
引用
收藏
页码:144 / 157
页数:14
相关论文
共 50 条
  • [1] Globalization, outsourcing, and wage inequality
    Feenstra, RC
    Hanson, GH
    [J]. AMERICAN ECONOMIC REVIEW, 1996, 86 (02): : 240 - 245
  • [2] Globalization, product differentiation, and wage inequality
    Bastos, Paulo
    Straume, Odd Rune
    [J]. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2012, 45 (03): : 857 - 878
  • [3] Globalization and Gender Wage Inequality in China
    Chen, Zhihong
    Ge, Ying
    Lai, Huiwen
    Wan, Chi
    [J]. WORLD DEVELOPMENT, 2013, 44 : 256 - 266
  • [4] Globalization, Worker Mobility and Wage Inequality
    Stijepic, Damir
    [J]. REVIEW OF INTERNATIONAL ECONOMICS, 2017, 25 (01) : 108 - 131
  • [5] Financial frictions and wage inequality
    Pi, Jiancai
    Fan, Yanwei
    [J]. INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2022, 27 (01) : 1064 - 1074
  • [6] WAGE INEQUALITY IN POLAND FROM THE GLOBALIZATION PERSPECTIVE
    Piotrowska, Maria
    [J]. TRANSFORMATIONS IN BUSINESS & ECONOMICS, 2009, 8 (03): : 148 - 165
  • [7] Globalization, International Factor Mobility, and Wage Inequality
    Yabuuchi, Shigemi
    [J]. JOURNAL OF ECONOMIC INTEGRATION, 2015, 30 (03) : 577 - 590
  • [8] FINANCIAL DISCRIMINATION AND WAGE INEQUALITY IN CHINA
    Pi, Jiancai
    Zhang, Pengqing
    [J]. SINGAPORE ECONOMIC REVIEW, 2021,
  • [9] GLOBALIZATION, FINANCIAL DEVELOPMENT AND INCOME INEQUALITY
    Daisaka, Hiroshi
    Furusawa, Taiji
    Yanagawa, Noriyuki
    [J]. PACIFIC ECONOMIC REVIEW, 2014, 19 (05) : 612 - 633
  • [10] Globalization and wage inequality: Evidence from urban China
    Han, Jun
    Liu, Runjuan
    Zhang, Junsen
    [J]. JOURNAL OF INTERNATIONAL ECONOMICS, 2012, 87 (02) : 288 - 297