全球智库信息集成服务系统(G2TT): The Impact of Trade on Labor Market Dynamics

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21149
来源ID	Working Paper 21149
	The Impact of Trade on Labor Market Dynamics
	Lorenzo Caliendo; Maximiliano Dvorkin; Fernando Parro
发表日期	2015-05-11
出版年	2015
语种	英语
摘要	We develop a dynamic labor search model where production and consumption take place in spatially distinct labor markets with varying exposure to domestic and international trade. The model recognizes the role of labor mobility frictions, goods mobility frictions, geographic factors, and input-output linkages in determining equilibrium allocations. We show how to solve the equilibrium of the model without estimating productivities, reallocation frictions, or trade frictions, which are usually difficult to identify. We use the model to study the dynamic labor market outcomes of aggregate trade shocks. We calibrate the model to 38 countries, 50 U.S. states and 22 sectors and use the rise in China's import competition to quantify the aggregate and disaggregate employment and welfare effects on the U.S. economy. We find that China's import competition growth resulted in 0.6 percentage point reduction in the share of manufacturing employment, approximately 1 million jobs lost, or about 60% of the change in the manufacturing employment share not explained by a secular trend. Overall, China's shock increases U.S. welfare by 6.7% in the long-run and by 0.2% in the short-run with very heterogeneous effects across labor markets.
主题	Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; Labor Economics ; Unemployment and Immigration ; Regional and Urban Economics ; Regional Economics
URL	https://www.nber.org/papers/w21149
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/578824
推荐引用方式 GB/T 7714	Lorenzo Caliendo,Maximiliano Dvorkin,Fernando Parro. The Impact of Trade on Labor Market Dynamics. 2015.