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Lay attitudes to trade with low-wage countries

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  • Simon Kemp
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    Abstract

    Three studies presented scenarios to lay people to investigate their willingness to restrict imports. Greater restriction was preferred when similar goods were made at home, when the owners of the foreign businesses made very good profits, and, less consistently, when the goods came from a low wage country. Particular reluctance to import from a low-wage country did not vary with whether a home firm was likely to lose business or the level of understanding of comparative advantage, but was related to the profits made by foreign business owners. The results show that lay people views are based on concern for people in other countries as well as in their own.

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    Bibliographic Info

    Article provided by Society for Judgment and Decision Making in its journal Judgment and Decision Making.

    Volume (Year): 3 (2008)
    Issue (Month): (April)
    Pages: 335-343

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    Handle: RePEc:jdm:journl:v:3:y:2008:i::p:335-343

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    Keywords: trade policy; attitudes; comparative advantage; lay economics.;

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    1. Scheve, Kenneth F. & Slaughter, Matthew J., 2001. "What determines individual trade-policy preferences?," Journal of International Economics, Elsevier, vol. 54(2), pages 267-292, August.
    2. Mayer, Wolfgang, 1984. "Endogenous Tariff Formation," American Economic Review, American Economic Association, vol. 74(5), pages 970-85, December.
    3. Carl Davidson & Steve Matusz & Doug Nelson, 2006. "Fairness and the Political Economy of Trade," The World Economy, Wiley Blackwell, vol. 29(8), pages 989-1004, 08.
    4. Jens Hainmueller & Michael J. Hiscox, 2005. "Learning to Love Globalization? Education and Individual Attitudes Toward International Trade," International Trade 0505011, EconWPA.
    5. Frey, Bruno S, et al, 1984. "Consensus and Dissension among Economists: An Empirical Inquiry," American Economic Review, American Economic Association, vol. 74(5), pages 986-94, December.
    6. Daniel Trefler, 2004. "The Long and Short of the Canada-U. S. Free Trade Agreement," American Economic Review, American Economic Association, vol. 94(4), pages 870-895, September.
    7. Baron, Jonathan & Kemp, Simon, 2004. "Support for trade restrictions, attitudes, and understanding of comparative advantage," Journal of Economic Psychology, Elsevier, vol. 25(5), pages 565-580, October.
    8. Anna Maria Mayda & Dani Rodrik, 2001. "Why Are Some People (and Countries) More Protectionist Than Others?," NBER Working Papers 8461, National Bureau of Economic Research, Inc.
    9. Kemp, Simon, 2007. "Psychology and opposition to free trade," World Trade Review, Cambridge University Press, vol. 6(01), pages 25-44, March.
    10. Lori G. Kletzer, 1998. "Job Displacement," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 115-136, Winter.
    11. Douglas Nelson, 1989. "The Political Economy Of Trade Policy," Economics and Politics, Wiley Blackwell, vol. 1(3), pages 301-314, November.
    12. Alston, Richard M & Kearl, J R & Vaughan, Michael B, 1992. "Is There a Consensus among Economists in the 1990's?," American Economic Review, American Economic Association, vol. 82(2), pages 203-09, May.
    13. Craig A. Depken & Courtney LaFountain & Roger Butters, 2006. "Corruption and Creditworthiness: Evidence from Sovereign Credit Ratings," Working Papers 0601, University of Texas at Arlington, Department of Economics.
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    Cited by:
    1. Lotz, Sebastian & Fix, Andrea R., 2013. "Not all financial speculation is treated equally: Laypeople’s moral judgments about speculative short selling," Journal of Economic Psychology, Elsevier, vol. 37(C), pages 34-41.
    2. Jacob, Robert & Christandl, Fabian & Fetchenhauer, Detlef, 2011. "Economic experts or laypeople? How teachers and journalists judge trade and immigration policies," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 662-671.

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