| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13465 |
| 来源ID | Working Paper 13465 |
| Trade Shocks and Labor Adjustment: A Structural Empirical Approach | |
| Erhan Artuc; Shubham Chaudhuri; John McLaren | |
| 发表日期 | 2007-10-04 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | The welfare effects of trade shocks depend crucially on the nature and magnitude of the costs workers face in moving between sectors. The existing trade literature does not directly address this, assuming perfect mobility or complete immobility, or adopting reduced-form approaches to estimation. We present a model of dynamic labor adjustment that does, and which is, moreover, consistent with a key empirical fact: that intersectoral gross flows greatly exceed net flows. Using an Euler-type equilibrium condition, we estimate the mean and the variance of workers' switching costs from the U.S. March Current Population Surveys. We estimate high values of both parameters, implying both slow adjustment of the economy, and sharp movements in wages, in response to a trade shock. Simulations of a trade liberalization indicate that despite the high estimated adjustment cost, in terms of lifetime welfare, the liberalization is Pareto-improving. The explanation for this surprising finding -- which would be missed by a reduced-form approach -- is that the high variance to costs ensures high rates of gross flow; this helps spread the liberalization's benefits around. |
| 主题 | International Economics ; Trade ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w13465 |
| 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/571139 |
| 推荐引用方式 GB/T 7714 | Erhan Artuc,Shubham Chaudhuri,John McLaren. Trade Shocks and Labor Adjustment: A Structural Empirical Approach. 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 | ||
| w13465.pdf（398KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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