Theory and Evidence Linking International Trade to Unemployment Rates
Title | Theory and Evidence Linking International Trade to Unemployment Rates PDF eBook |
Author | Maksim Belenkiy |
Publisher | |
Pages | |
Release | 2015 |
Genre | |
ISBN |
International Trade and Labor Markets
Title | International Trade and Labor Markets PDF eBook |
Author | Carl Davidson |
Publisher | W.E. Upjohn Institute |
Pages | 156 |
Release | 2004 |
Genre | Business & Economics |
ISBN | 0880992743 |
International Trade with Equilibrium Unemployment
Title | International Trade with Equilibrium Unemployment PDF eBook |
Author | Carl Davidson |
Publisher | Princeton University Press |
Pages | 433 |
Release | 2010 |
Genre | Business & Economics |
ISBN | 0691125597 |
While most standard economic models of international trade assume full employment, Carl Davidson and Steven Matusz have argued over the past two decades that this reliance on full-employment modeling is misleading and ill-equipped to tackle many important trade-related questions. This book brings together the authors' pioneering work in creating models that more accurately reflect the real-world connections between international trade and labor markets. The material collected here presents the theoretical and empirical foundations of equilibrium unemployment modeling, which the authors and their collaborators developed to give researchers and policymakers a more realistic picture of how international trade affects labor markets, and of how transnational differences in labor markets affect international trade. They address the shortcomings of standard models, describe the empirics that underlie equilibrium unemployment models, and illustrate how these new models can yield vital insights into the relationship between international trade and employment. This volume also includes an indispensable general introduction as well as concise section introductions that put the authors' work in context and reveal the thinking behind their ideas. Economists are only now realizing just how important these ideas are, making this book essential reading for researchers and students.
International Trade and Labor Markets
Title | International Trade and Labor Markets PDF eBook |
Author | Udo Kreickemeier |
Publisher | World Scientific Publishing Company |
Pages | 421 |
Release | 2017-08-12 |
Genre | Business & Economics |
ISBN | 9789813224902 |
This volume collects theoretical papers on the labor market effects of international trade that Udo Kreickemeier has published, together with different co-authors, over the past decade. Many contributions contained in this volume feature labor market imperfections that give rise to involuntary unemployment, and in those contributions, the question of how trade affects aggregate employment typically takes center stage in the analysis. Another recurring theme in many papers is the link between international trade and the income distribution within countries. The channels explored in the different papers include union wage premia, exporter wage premia due to firm-level rent sharing, and ability premia to entrepreneurs that are able to capitalize on their high productivity in global markets.
Trade, Jobs and Wages
Title | Trade, Jobs and Wages PDF eBook |
Author | Hian Teck Hoon |
Publisher | Edward Elgar Publishing |
Pages | 228 |
Release | 2000-01-01 |
Genre | Business & Economics |
ISBN | 9781781952719 |
The world's increasing integration through trade and the persistence of high unemployment in Europe, and other areas of the world, highlight the need to understand the implications of free trade for unemployment. Trade, Jobs and Wages analyses how employment levels and real wages are affected by international trade. Popular trade theory disregards the impact of free trade on the rate of unemployment, since it assumes full employment at the outset. By focusing on the determinants of the natural rate of unemployment, Professor Hoon places an emphasis on real, as opposed to monetary, factors in accounting for long term trends in wages and unemployment.
Sticky Feet
Title | Sticky Feet PDF eBook |
Author | Claire H. Hollweg |
Publisher | World Bank Publications |
Pages | 123 |
Release | 2014-07-03 |
Genre | Business & Economics |
ISBN | 1464802637 |
This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.
Labor Markets and Business Cycles
Title | Labor Markets and Business Cycles PDF eBook |
Author | Robert Shimer |
Publisher | Princeton University Press |
Pages | 189 |
Release | 2010-04-12 |
Genre | Business & Economics |
ISBN | 1400835232 |
Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.