Konferenzbeitrag

International Trade and Unemployment: A Quantitative Framework

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 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.

Language
Englisch

Bibliographic citation
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Trade and Unemployment ; No. A08-V3

Classification
Wirtschaft
Trade and Labor Market Interactions
Trade Policy; International Trade Organizations
Empirical Studies of Trade

Event
Geistige Schöpfung
(who)
Heid, Benedikt
Larch, Mario
Event
Veröffentlichung
(who)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(where)
Kiel und Hamburg
(when)
2013

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Heid, Benedikt
  • Larch, Mario
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Time of origin

  • 2013

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