Dynamic Trade, Education and Intergenerational Inequality
2019/01/11
研討會日期 : 2019-01-11
時間 : 11:00
主講人 : Mr. Chung-Han Yang (楊宗翰)
主持人 : Professor Tzu-Ting Yang
地點 : Conference Room B110
演講者簡介 : Mr. Yang will receive his Ph.D. in Economics from Pennsylvania State University in 2019. His primary field is International Trade and secondary is Macroeconomics. He is applying for a position of the Institute of Economics, Academia Sinica now.
演講摘要 : To what extent does education alleviate income inequality between skilled and un-skilled workers induced by globalization? What are the corresponding intergenerational welfare implications? This paper presents a multi-country dynamic general equilibrium framework to investigate these questions. In this model, interactions between comparative advantage, capital accumulation, and endogenous education are the main driving forces of the transitional path. The flexibility to adjust supply in different factors determines the inequality in different stages of economic transition. I use the World Input-Output Database to quantify the key features of the model for 40 countries and 6 industries. For trade liberalization counterfactual, I find that (1) the skill premium and educational attainment increase for all countries in a steady state; (2) income inequality between education categories is more severe in the short run than in the long run;(3) education reduces 65% of trade-induced inequality; and (4) the gains from trade are unevenly distributed across generations and educational categories — as older and educated workers gain the most, and old and uneducated workers gain the least.
