Summer reading: VoxEU Roundup 1
Researchers in the Barcelona GSE community have written several widely-read articles on CEPR’s policy portal, VoxEU.
Topic Archive: International Economics
Sovereign Debt Crises and Maturity Structures
Raquel Fernández and Alberto Martín explore the role of debt maturity on the frequency with which a country enters a debt crisis and on the severity of the latter.
Take the risk…you might become an exporter!
Alessandra Bonfiglioli and Gino Gancia explore how export opportunities affect the choices of firms, their characteristics, and the wages of their workers.
Globalisation, job security, and wages
Barcelona GSE research on VoxEU.org by Kerem Cosar, Nezih Guner, and James R. Tybout
Trade liberalisations are often accompanied by labour market reforms, making it difficult to isolate their effects. This column discusses the effects of trade liberalisation, globalisation, and labour-market reforms on the Colombian labour market. Reduced trade frictions increased cross-firm wage inequality and shifted the firm-size distribution rightward, with offsetting effects on overall wage inequality. Average income increased, but the gains were concentrated among employees of large, productive firms with access to export markets. Greater trade openness also increased job turnover.
