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Federal Reserve Bank of Cleveland: When Trade Compresses: The Impact of Liberalization on Wage Inequality
January 24, 2026
CLEVELAND, Ohio, Jan. 24 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (WP 26-01) on Jan. 12, 2026 by Victor Hernandez Martinez, Nicholas Kozeniauskas and Roman Merga entitled "When Trade Compresses: The Impact of Liberalization on Wage Inequality."

Here is the abstract:

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We study the effects of trade liberalization on the full wage distribution, exploiting Spain's 1993 entry into the European Single . . .

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