The twin effects of globalization
AbstractEmployees of"globalized"firms face a riskier, but potentially more rewarding, menu of labor market outcomes. The authors document this neglected tradeoff 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 hand, they enjoy a more rapid career growth and 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 The World Bank in its series Policy Research Working Paper Series with number 3154.
Date of creation: 01 Oct 2003
Date of revision:
Small Scale Enterprise; Environmental Economics&Policies; Microfinance; Labor Policies; Economic Theory&Research; Environmental Economics&Policies; Economic Theory&Research; Microfinance; Private Participation in Infrastructure; Small Scale Enterprise;
Other versions of this item:
- F. Daveri & P. Manasse & D. Serra, 2003. "The Twin Effects of Globalization," Working Papers 483, Dipartimento Scienze Economiche, Universita' di Bologna.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-16 (All new papers)
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Policy Research Working Paper Series
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