| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17141 |
| DP17141 Trade with Nominal Rigidities: Understanding the Unemployment and Welfare Effects of the China Shock | |
| Andres Rodríguez-Clare; Mauricio Ulate; Jose P. Vasquez | |
| 发表日期 | 2022-03-26 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show how this framework can generate changes in unemployment and labor participation that match those uncovered by the empirical literature studying the ``China shock.'' We find that the China shock leads to average welfare increases in most U.S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U.S. gains by around one fourth. In addition, there are seven states that experience welfare losses in the presence of downward nominal wage rigidity that would have experienced gains without it. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Trade China shock Unemployment Nominal rigidities |
| URL | https://cepr.org/publications/dp17141 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546128 |
| 推荐引用方式 GB/T 7714 | Andres Rodríguez-Clare,Mauricio Ulate,Jose P. Vasquez. DP17141 Trade with Nominal Rigidities: Understanding the Unemployment and Welfare Effects of the China Shock. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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