Influential studies have shown that trade liberalisation is associated with substantial adjustment costs for workers in import-competing jobs. This column uses UK data to shed light on one such cost that has not been considered to date – subjective well-being. Import competition is found to substantially raise mental distress, through worsened labour market conditions and increased stress on the job. These findings provide evidence of an important hidden cost of globalisation
(2015). Import competition and mental distress: The hidden cost of globalization [contribution in web site - contributo in sito web]. Retrieved from https://hdl.handle.net/10446/236191
Import competition and mental distress: The hidden cost of globalization
Rosario, Crinò;Ogliari, Laura
2015-12-04
Abstract
Influential studies have shown that trade liberalisation is associated with substantial adjustment costs for workers in import-competing jobs. This column uses UK data to shed light on one such cost that has not been considered to date – subjective well-being. Import competition is found to substantially raise mental distress, through worsened labour market conditions and increased stress on the job. These findings provide evidence of an important hidden cost of globalisationFile | Dimensione del file | Formato | |
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