The Effect of Export Market Access on Labor Market Power: Firm-level Evidence from Vietnam.

التفاصيل البيبلوغرافية
العنوان: The Effect of Export Market Access on Labor Market Power: Firm-level Evidence from Vietnam.
المؤلفون: Hoang, Trang, Mitra, Devashish, Pham, Hoang
المصدر: Working Papers -- U.S. Federal Reserve Board's International Finance Discussion Papers; Aug2024, Issue 1394, p1-55, 57p
مصطلحات موضوعية: EXPORT marketing, LABOR market, MANUFACTURING industries, INTERNATIONAL trade, PRIVATE sector
مستخلص: We examine the impact of an export market expansion created by the US-Vietnam Bilateral Trade Agreement (BTA) on labor market competition among Vietnamese manufacturing firms. We measure distortionary wedges between equilibrium marginal revenue products of labor (MRPL) and wages nonparametrically and find that the median firm pays workers 59% of their MRPL. The BTA permanently decreases labor market distortion in manufacturing by 3.4%, mainly for domestic private firms. The median distortion is 26% higher for women than men, and the decline in distortion for women drives the overall distortion reduction. We shed some light on the mechanisms for these results. [ABSTRACT FROM AUTHOR]
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