Kim, Ryan and Vogel, Jonathan  <br/><br/>
Trade shocks and labor market adjustment 

 - The American Economic Review: Insights   
 - 3(1), Mar, 2021: p.115-130 
<br/><br/> We develop a framework to analyze the impact of trade shocks on a range of labor market adjustment margins in economies with a large number of sectors and labor groups. We provide analytic results characterizing equilibria. We show that labor groups earning a greater share of wage income in sectors with relative price declines experience a relative increase in unemployment and nonparticipation and decrease in wages and welfare. Our framework provides a guide for quantitative and empirical investigations into the labor market impacts of trade shocks. – Reproduced  
<br/><br/><label>Subjects--Topical Terms: </label><br/>Trade shocks, Trade, Wage income