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DESCRIPTION:Moynihan Institute of Global AffairsTrade\, Development and Pol
 itical Economypresent \n\nPriyaranjan Jha&nbsp\;Professor\, Department of 
 EconomicsUniversity of California\, Irvine Monopsonistic Labor Markets and
  International Trade \n\nThis project studies the impact of trade on wage 
 inequality\nand welfare when the labor market is monopsonistic. Firm heter
 ogeneity in\nproductivity along with workers' idiosyncratic preferences fo
 r different firms\ngenerate between-firm wage inequality for workers with 
 identical skills. If\nmonopsony power is high\, inequality increases monot
 onically with trade\nliberalization. The model features a novel welfare ch
 annel of workers' “love of\nfirm variety." Trade liberalization provides a
 dditional welfare gains\nthrough the firm-variety channel when monopsony p
 ower is high but detracts from\nwelfare gains when monopsony power is low.
 \n\n \n\nPriyaranjan Jha\nis a Professor of Economics at the University of
  California\, Irvine. He did a\nB.A. in Economics from St. Stephen’s Colle
 ge\, Delhi\, an M.A. in Economics from\nthe Delhi School of Economics\, an
 d a Ph.D. in Economics from Columbia\nUniversity. His areas of research ar
 e International Trade\, and Economic Growth\nand Development. He has publi
 shed a large number of papers in peer reviewed\njournals such as the Econo
 mic Journal\, the Journal of International\nEconomics\, the Journal of Dev
 elopment Economics\, the European\nEconomic Review\, the Journal of Applie
 d Econometrics\, and the World\nEconomy. He has also served on the board o
 f editors of several journals.\nCurrently he serves as a co-editor of the 
 Indian Growth and Development Review\nand an associate editor of the Journ
 al of Development Economics. He also writes\nin the popular media in outle
 ts such as the Economic Times and the Indian\nExpress.&nbsp\;\n\nREGISTER 
 HEREFor more information\, contact Ryan Monarch\, rpmonarc@syr.edu.&nbsp\;
 To request accessibility accommodations\, contact&nbsp\;Juanita Horan\,&nb
 sp\;jmhoran@syr.edu.
DTEND:20210927T213000Z
DTSTAMP:20260512T205658Z
DTSTART:20210927T200000Z
LOCATION:
SEQUENCE:0
SUMMARY:Priyaranjan Jha: Monopsonistic Labor Markets and International Trad
 e
UID:RFCALITEM639142018184975170
X-ALT-DESC;FMTTYPE=text/html:<p><b>Moynihan Institute of Global Affairs</b>
 </p><p><b>Trade\, Development and Political Economy</b></p><p>present</p><
 p><br></p><p> \n\n</p><p><b>Priyaranjan Jha&nbsp\;</b></p><p>Professor\, D
 epartment of Economics</p><p>University of California\, Irvine</p><p><br><
 /p><p> <b>Monopsonistic Labor Markets and International Trade</b></p><p> \
 n\n</p>This project studies the impact of trade on wage inequality\nand we
 lfare when the labor market is monopsonistic. Firm heterogeneity in\nprodu
 ctivity along with workers' idiosyncratic preferences for different firms\
 ngenerate between-firm wage inequality for workers with identical skills. 
 If\nmonopsony power is high\, inequality increases monotonically with trad
 e\nliberalization. The model features a novel welfare channel of workers' 
 “love of\nfirm variety." Trade liberalization provides additional welfare 
 gains\nthrough the firm-variety channel when monopsony power is high but d
 etracts from\nwelfare gains when monopsony power is low.<p>\n\n<br></p><p>
  \n\n</p>Priyaranjan Jha\nis a Professor of Economics at the University of
  California\, Irvine. He did a\nB.A. in Economics from St. Stephen’s Colle
 ge\, Delhi\, an M.A. in Economics from\nthe Delhi School of Economics\, an
 d a Ph.D. in Economics from Columbia\nUniversity. His areas of research ar
 e International Trade\, and Economic Growth\nand Development. He has publi
 shed a large number of papers in peer reviewed\njournals such as the <i>Ec
 onomic Journal</i>\, the <i>Journal of International\nEconomics</i>\, the 
 <i>Journal of Development Economics</i>\, the <i>European\nEconomic Review
 </i>\, the <i>Journal of Applied Econometrics</i>\, and the <i>World\nEcon
 omy</i>. He has also served on the board of editors of several journals.\n
 Currently he serves as a co-editor of the Indian Growth and Development Re
 view\nand an associate editor of the Journal of Development Economics. He 
 also writes\nin the popular media in outlets such as the Economic Times an
 d the Indian\nExpress.&nbsp\;<p>\n\n</p><p><b><br></b></p><p><b><a title="
 REGISTER HERE" href="https://syracuseuniversity.zoom.us/meeting/register/t
 JcpcOmorTMsHtP-foX-maOU2iI1Cvnmgk8g">REGISTER HERE</a></b><br></p><p><br><
 /p><p>For more information\, contact Ryan Monarch\, <a href="mailto:rpmona
 rc@syr.edu">rpmonarc@syr.edu</a>.&nbsp\;To request accessibility accommoda
 tions\, contact&nbsp\;Juanita Horan\,&nbsp\;jmhoran@syr.edu.<br></p><p><br
 ></p>
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