A Note on International Trade with a Minimum Wage and an Endogenous Labor Supply Economy
扩展了Brecher的最低工资经济模型,假设两种贸易商品和休闲的效用函数可分离,并考虑弹性但非完全弹性的外国供给曲线,分析了要素禀赋、贸易、工资率、消费税和关税对社会福利和劳动需求的影响,推导了最优消费税和关税公式。
Assuming a separable utility function of two traded goods and leisure, R. A. Brecher's minimum-wage economy is generalized. An elastic, but not perfectly elastic, foreign offer curve is assumed. The effects of changes in factor endowments, foreign trade, the wage rate, a consumption tax, and tariff on social welfare and the demand for labor are considered. In particular, the optimal consumption tax and optimal tariff formulae are derived. The ranking of various trade policies is shown to depend on the assumption concerning factor intensity. Copyright 1992 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.