Keywords
TRADE LIBERALIZATION
WELFARE
PASS-THROUGH
PRICES
WAGES
COMERCIO INTERNACIONAL
LIBERALIZACIÓN COMERCIAL
BIENESTAR
TRANSMISIÓN
PRECIOS
SALARIOS
How to Cite
Abstract
In this article, we analyze the effect of trade liberalization, defined as reduction in tariffs, on household welfare during 1995-2006 in Costa Rica. This trade policy has a direct impact on tradable good prices, which indirectly affects non-tradable good prices and wages, changing household welfare. There is evidence of gains in welfare, as theory suggests, thanks to trade liberalization. However, the transmission was imperfect and low. The results also show that the welfare gains were not asymmetrical distributed since lowest income households and low and
medium skilled workers were the most favored.
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