| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13463 |
| 来源ID | Working Paper 13463 |
| Trade Shocks and Labor Adjustment: Theory | |
| Stephen Cameron; Shubham Chaudhuri; John McLaren | |
| 发表日期 | 2007-10-04 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We construct a dynamic, stochastic rational expectations model of labor reallocation within a trade model that is designed so that its key parameters can be estimated for trade policy analysis. A key feature is the presence of time-varying idiosyncratic moving costs faced by workers. As a consequence of these shocks: (i) Gross flows exceed net flows (an important feature of empirical labor movements); (ii) the economy features gradual and anticipatory adjustment to aggregate shocks; (iii) wage differentials across locations or industries can persist in the steady state; and (iv) the normative implications of policy can be very different from a model without idiosyncratic shocks, even when the aggregate behaviour of both models is similar. It is shown that the equilibrium solves a particular planner's problem, thus facilitating analytical results, econometric estimation, and simulation of the model for policy analysis. |
| 主题 | International Economics ; Trade ; International Macroeconomics ; Labor Economics ; Unemployment and Immigration ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w13463 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571137 |
| 推荐引用方式 GB/T 7714 | Stephen Cameron,Shubham Chaudhuri,John McLaren. Trade Shocks and Labor Adjustment: Theory. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13463.pdf（323KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
