St. Louis Fed paper considers impact of trade shocks on labour market
Authors find increase in import competition from China boosted aggregate US welfare
A working paper released by the Federal Reserve Bank of St Louis on May 1 examines the effects of trade shocks on different labour markets, and studies the impact of growing import competition from China on the United States.
In The Impact of Trade on Labor Market Dynamics, Lorenzo Caliendo Maximiliano Dvorkin and Fernando Parro develop a "dynamic and spatial labor search model" and consider the different factors affecting the "reallocation of labor across and within locations".
"Our results
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