| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27905 |
| 来源ID | Working Paper 27905 |
| Trade with Nominal Rigidities: Understanding the Unemployment and Welfare Effects of the China Shock | |
| Andrés Rodríguez-Clare; Mauricio Ulate; José P. Vásquez | |
| 发表日期 | 2020-10-05 |
| 出版年 | 2020 |
| 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 force 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 elevated unemployment during the transition. However, nominal rigidities reduce the overall U.S. gains by more than 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 Economics ; Trade ; Globalization and International Relations |
| URL | https://www.nber.org/papers/w27905 |
| 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/585577 |
| 推荐引用方式 GB/T 7714 | Andrés Rodríguez-Clare,Mauricio Ulate,José P. Vásquez. Trade with Nominal Rigidities: Understanding the Unemployment and Welfare Effects of the China Shock. 2020. |
| 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 | ||
| w27905.pdf（587KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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