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Efficiency Gains from Trade and Labor Market Outcomes

AutorFelbermayr, Gabriel; Prat, Julien
Palabras clavefirm heterogeneity
search models
trade liberalization
unemployment
Fecha de publicación2-dic-2013
EditorNordic Council of Ministers
CitaciónNordic Economic Policy Review: Globalization, labour market institutions and wage structure: 45-72 (2013)
ResumenDoes trade liberalization increase domestic unemployment? Does it lead to higher wage inequality? In this article, we draw lessons from combining two canonical frameworks: the heterogeneous firms trade model of Melitz (2003) and the search-and-matching labor market paradigm. We focus on productivity or efficiency gains from trade. We argue that trade liberalization is likely to lower the equilibrium rate of unemployment, but that its effect on wage dispersion is ambiguous. We discuss implications for the conduct of trade and labor market policies
DescripciónCapítulo en: BARTH, Erling; MOENE, Kalle O. Nordic Economic Policy Review: Globalization, labour market institutions and wage structure, Copenhaguen: TemaNord, Nordic Council of Ministers,2013, p.45-72. (TemaNord 2013 ; 587). ISBN 9789289328883. DOI: http://dx.doi.org/10.6027/tn2013-587
Versión del editorhttp://dx.doi.org/10.6027/tn2013-587
URIhttp://hdl.handle.net/10261/130524
DOI10.6027/tn2013-587
ISBN9789289328883
Identificadoresdoi: 10.6027/TN2013-514
isbn: 9789289328883
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