Title: Trade, inequality, and subjective well-being
Subtitle: getting at the roots of the backlash against globalization
Authors: Dluhosch, Barbara  
Language: en
Keywords: Universit├Ątsbibliographie;Evaluation 2018
Issue Date: 2018
Publisher: Luxembourg Income Study (LIS)
Document Type: Working Paper
Journal / Series / Working Paper (HSU): LIS working paper series 
Issue: no. 741
Pages: ca. 33
Publisher Place: Luxembourg
Many countries in the Western hemisphere are currently experiencing a backlash against globalization. Most of the research examining the issue has concentrated on international specialization and within-country income inequality as main drivers of the backlash. Doing so, the discussion has primarily revolved around the question whether and to what extend the income distribution has widened and whether trade is responsible indeed. However, political trends may be more grounded in perceptions than facts, thus giving rise to inappropriate populist policies. The difference matters all the more as the former may be accentuated by (social) media. Drawing mainly on subjective well-being (SWB) data from theWorld Values Survey (WVS) and income statistics from the Luxembourg Income Study (LIS), this paper shows in an international cross-section analysis that income inequality is perceived very differently depending on openness to trade. The relevance of perceptions has wider politico-economic implications in that it carries the risk of costly anti-trade policies, without necessarily narrowing the income distribution.
Organization Units (connected with the publication): Volkswirtschaftslehre, insb. Internationale Wirtschaftsbeziehungen 
URL: https://ub.hsu-hh.de/DB=1.8/XMLPRS=N/PPN?PPN=1026695198
Appears in Collections:2018

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