Gravity with unemployment
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INVESTIGACIONMetadades
Títol
Gravity with unemploymentData de publicació
2016-05-10Editor
ElsevierISSN
0022-1996; 1873-0353Cita bibliogràfica
Heid, Benedikt, and Mario Larch. "Gravity with unemployment." Journal of International Economics 101 (2016): 70-85.Tipus de document
info:eu-repo/semantics/articleVersió
info:eu-repo/semantics/acceptedVersionParaules clau / Matèries
Resum
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for ... [+]
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor market frictions. To illustrate, we assess the effects of trade and labor market reforms for 28 OECD countries. Welfare effects of trade agreements are typically magnified when accounting for employment changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor market reforms in one country have small positive spillover effects on trading partners. [-]
Publicat a
Journal of International Economics 101 (2016) 70–85Dades relacionades
https://ars.els-cdn.com/content/image/1-s2.0-S0022199616300435-mmc1.pdfDrets d'accés
© 2016 Elsevier B.V. All rights reserved
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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