Factor Mobility, Risk and Redistribution in the Welfare State
Factor Mobility, Risk and Redistribution in the Welfare State
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福利国家的要素流动、风险和再分配
DOI:
10.2307/3440541
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发表时间:
1995
期刊:
影响因子:
--
通讯作者:
D. Wildasin
中科院分区:
文献类型:
--
作者:
D. Wildasin
Economic integration reduces the costs of factor mobility, producing efficiency gains and contributing to equalization of net factor returns. This raises the 'cost' of income-redistribution policy, thus threatening a basic function of the welfare state. A simple model of costly factor mobility under uncertainty shows that greater factor mobility enables factor owners to pool industry-specific, region-specific, or occupation-specific risks (due to uncertain technology or terms of trade). Economic integration may, thus, reduce some of the potential social insurance benefits of redistributive policy. Copyright 1995 by The editors of the Scandinavian Journal of Economics.