The Effect of Inflation on Wage Inequality: A North–South Monetary Model of Endogenous Growth with International Trade
构建了一个包含国际贸易和货币的南北内生增长模型，分析通货膨胀如何影响国家内部和国家之间的工资不平等、专业分工和经济增长。
Abstract This study analyzes the effects of inflation on intra‐ and intercounty wage inequality, specialization, and growth, using a North–South endogenous growth model with international trade and money. The relationship between inflation and intracountry wage inequality depends on firms' credit constraints and on the inflation levels. Our results indicate that inflation decreases specialization in skilled production and increases intracountry wage inequality. Moreover, increasing inflation in the South increases the wage inequality gap between countries. Theoretical results are confirmed through calibration and match with existing empirical evidence.