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An Overlapping-generations Model of Escape Clause Protection (2004)

Davidson, Carl ; Matusz, Steven J.

Oxford, UK : Blackwell Publishing Ltd.

Review of international economics 12 (2004), S. 0

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ISSN: 1467-9396

Quelle: Blackwell Publishing Journal Backfiles 1879-2005

Thema: Wirtschaftswissenschaften

Notizen: The paper explores the efficiency consequences of using temporary protection to ease adjustment following an unexpected, permanent improvement in a country's terms of trade. In the model, workers trade off the potentially higher wage that the export sector has to offer with a lower job acquisition rate. An unexpected improvement in the terms of trade surprises old workers who cannot undo the decisions they made while young. Some old workers who had not planned to search for work in the export sector end up changing their plans, adding to the pool of searchers, creating congestion. Temporary protection can reduce congestion and make the transition to the new steady state smoother. Moreover, there are conditions under which the congestion externalities lead to multiple steady-state equilibria that can be Pareto-ranked. Temporary protection may lead to a permanent change in the allocation of resources, and this permanent change may be welfare-enhancing.

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1111/j.1467-9396.2004.00480.x

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Digitale Medien

Trade and Turnover: Theory and Evidence (2005)

Davidson, Carl ; Matusz, Steven J.

Oxford, UK : Blackwell Publishing Ltd.

Review of international economics 13 (2005), S. 0

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ISSN: 1467-9396

Quelle: Blackwell Publishing Journal Backfiles 1879-2005

Thema: Wirtschaftswissenschaften

Notizen: Is the pattern of trade correlated with cross-sector differences in job turnover? Theoretically, external shocks feed through to changes in domestic employment and cross-sector differences in turnover give rise to compensating wage differentials, which feed through to output prices. Using two different datasets on turnover, we find strong evidence that normalized US net exports by sector are negatively correlated with job destruction and worker separation rates. Weaker evidence suggests a positive correlation between normalized net exports and job acquisition. Using sector-specific job destruction data for both Canada and the US, we find confirmation of the theoretical prediction that normalized net exports to Canada are negatively related to the ratio of the US job destruction rate to the Canadian job destruction rate.

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1111/j.1467-9396.2005.00541.x

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International trade and labor markets : theory, evidence, and policy implications (2004)

Davidson, Carl ; Matusz, Steven Joseph

Kalamazoo, Mich : W.E. Upjohn Institute for Employment Research

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Schlagwort(e): Foreign trade and employment, United States, Econometric models. ; Free trade, Social aspects, United States, Econometric models. ; International trade, Econometric models. ; Labor market, United States, Econometric models. ; Poor, United States, Econometric models. ; Unemployment, United States, Econometric models. ; Unskilled labor, United States, Econometric models.

Notizen: An overview of the issue -- Globalization and labor : the view from main street to mainstream -- Some simple models of trade and unemployment -- Some empirics -- Policy analysis

Seiten: ix, 145 p.

ISBN: 1-417-50592-3

URL: http://www.netLibrary.com/urlapi.asp?action=summary&v=1&bookid=108957

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