The Twin Effects of Globalization
AbstractEmployees of "globalized" firms face a riskier, but potentially more rewarding, menu of labor market outcomes. We document this neglected trade-off of globalization for a sample of Indian manufacturing firms. On the one hand, the employees of firms subject to foreign competition face a more uncertain stream of earnings and riskier employment prospects. On the other, they enjoy a more rapid career and/or have more opportunities to train and upgrade their skills. The negative uncertainty costs and the positive incentive effects of globalization are thus twin to each other. Concentrating on just one side of the coin gives a misleading picture of globalization.
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Bibliographic InfoPaper provided by Dipartimento Scienze Economiche, Universita' di Bologna in its series Working Papers with number 483.
Date of creation: 2003
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Other versions of this item:
- Daveri, Francesco & Manasse, Paolo & Serra, Danilo, 2003. "The twin effects of globalization," Policy Research Working Paper Series 3154, The World Bank.
- Francesco Daveri & Paolo Manasse & Danila Serra, 2002. "The Twin Effects of Globalization," Development Working Papers 171, Centro Studi Luca d\'Agliano, University of Milano.
- Francesco Daveri & Paolo Manasse & Danila Serra, 2003. "The Twin Effects of Globalization," Working Papers 240, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
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