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Trade and the allocation of talent with capital market imperfections (2012)
Journal Article
Bonfatti, R., & Ghatak, M. (2013). Trade and the allocation of talent with capital market imperfections. Journal of International Economics, 89(1), (187-201). doi:10.1016/j.jinteco.2012.07.005. ISSN 0022-1996

Trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries. This is in apparent conflict with neoclassical theory, according to which trade should decrease the... Read More about Trade and the allocation of talent with capital market imperfections.