Journal Article

Agro-Manufactured Export Prices, Wages and Unemployment

Guido G. Porto

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 90, issue 3, pages 748-764
Published in print August 2008 | ISSN: 0002-9092
Published online August 2008 | e-ISSN: 1467-8276 | DOI: https://dx.doi.org/10.1111/j.1467-8276.2007.01129.x
Agro-Manufactured Export Prices, Wages and Unemployment

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This article estimates the impacts of world agricultural trade liberalization on wages and unemployment in Argentina in the presence of individual labor supply responses and adjustment costs in labor demand. After a 10% increase in agro-manufactured export prices, I find that: (a) the employment probability would increase by 1.36 percentage points, matched by a decline in the unemployment probability of 0.75 percentage points and an increase in labor market participation of 0.61 percentage points; (b) the unemployment rate would decline by 1.23 percentage points; (c) expected wages would increase by 10.3%, mostly due to higher employment probabilities.

Keywords: agricultural trade reforms; labor market adjustments to trade; poverty and inequality; E240; F160; Q170

Journal Article.  10286 words.  Illustrated.

Subjects: International Trade ; Macroeconomics: Consumption, Saving, Production, Employment, and Investment ; Agricultural Economics

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