ツブク マサフミ   津布久 将史    所属   専修大学  経済学部    専修大学大学院  経済学研究科    職種   准教授
言語種別	英語
発行・発表の年月	2017/03
形態種別	研究論文
標題	Impact of Capital Market Integration on Skilled-Unskilled Labor Choice
執筆形態	共著
掲載誌名	JOURNAL OF ECONOMIC INTEGRATION
出版社・発行元	SEJONG UNIV, CENTER INT ECONOMICS
巻・号・頁	32(1),pp.90-111
著者・共著者	Hikaru Ogawa,Masafumi Tsubuku
概要	This study examines how capital market integration, induced by globalization, affects skilled-unskilled labor choices. Our results show that market integration fosters competition for mobile capital among countries, inducing governments to employ domestic policies that are favorable for skilled workers. These policy changes induce individuals to become skilled workers, thereby raising the skilled-unskilled labor ratio. We examine the efficiency of the aforementioned ratio in integrated markets and show that the supply of skilled (unskilled) labor in equilibrium is excessive (deficient) because education in one country might create negative externalities in others.
DOI	10.11130/jei.2017.32.1.90
ISSN	1225-651X/1976-5525