Publication:
Trade Shocks and Labor Adjustment: A Structural Empirical Approach

Simple item page
dc.contributor.authorArtuc, Erhan
dc.contributor.authorChaudhuri, Shubham
dc.contributor.authorMcLaren, John
dc.date.accessioned2012-03-30T07:29:22Z
dc.date.available2012-03-30T07:29:22Z
dc.date.issued2010
dc.description.abstractThe welfare effects of trade shocks turn on the nature and magnitude of the costs workers face in moving between sectors. Using an Euler-type equilibrium condition derived from a rational expectations model of dynamic labor adjustment, we estimate the mean and variance of workers' switching costs from the US CPS. We estimate high values of both parameters, implying slow adjustment of the economy and sharp movements in wages in response to trade shocks. However, import-competing workers can still benefit from tariff removal; liberalization lowers their wages in the short and long run but raises their option value.en
dc.identifier.citationAmerican Economic Review
dc.identifier.issn00028282
dc.identifier.urihttps://hdl.handle.net/10986/4714
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectEmployment
dc.subjectUnemployment
dc.subjectWages
dc.subjectIntergenerational Income Distribution
dc.subjectAggregate Human Capital E240
dc.subjectTrade Policy
dc.subjectInternational Trade Organizations F130
dc.subjectTrade and Labor Market Interactions F160
dc.titleTrade Shocks and Labor Adjustment: A Structural Empirical Approachen
dc.title.alternativeAmerican Economic Reviewen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum116
okr.journal.nbpages1008-1045
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.relation.associatedurlhttp://dx.doi.org/10.1257/aer.100.3.1008
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1105821&site=ehost-live
okr.relation.associatedurlhttp://www.aeaweb.org/aer/
okr.volume100
Files
Collections
Journal articles published externally