This paper investigates the impact of the effective minimum wage, defined as the log difference between the minimum and the median wages, on wage inequalities in the OECD…
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Asia and the Pacific
30 Sep 2020
Acknowledging that individuals dislike having low relative income renders trade less attractive when seen as a technology that integrates two economies by merging separate…
![Korea Institute for International Economic Policy logo](/sites/default/files/styles/thumpnail_small_36x36/public/2023-12/kiep-logo-36x36.png?itok=kFCz4m45)
Asia and the Pacific
30 Sep 2020
This paper characterizes the optimal reciprocal trade policy in the environment of Melitz (2003) with firm productivity heterogeneity. In particular, without making…
![Korea Institute for International Economic Policy logo](/sites/default/files/styles/thumpnail_small_36x36/public/2023-12/kiep-logo-36x36.png?itok=kFCz4m45)
Asia and the Pacific
30 Sep 2020
A small number of big firms are getting stronger and expanding their businesses a lot further in the time of COVID-19. The top ten firms' market value – including…
![Korea Institute for International Economic Policy logo](/sites/default/files/styles/thumpnail_small_36x36/public/2023-12/kiep-logo-36x36.png?itok=kFCz4m45)
Asia and the Pacific
29 Sep 2020