The Twin Effects of Globalization

Daveri, Francesco ; Manasse, Paolo ; Serra, Danila (2003) The Twin Effects of Globalization. DOI 10.6092/unibo/amsacta/616.
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Abstract

Employees of "globalized" firms face a riskier, but potentially more rewarding, menu of labor market outcomes. We document this neglected trade-off 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, they enjoy a more rapid career and/or 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.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Daveri, Francesco
Manasse, Paolo
Serra, Danila
Keywords
Globalization Uncertainty Trade and Wages Wages Employment India Training Promotions Labor markets
Subjects
DOI
Deposit date
17 Jun 2004
Last modified
17 Feb 2016 13:58
URI

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