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Synopsis: Davidson and Matusz provide much-needed theoretical underpinnings for understanding the labor market consequences of international trade. Traditional models of international trade assume that labor markets adjust instantaneously to trade shocks . Thus, these traditional theoretical models assume away the consequence of greatest concern to policy-makers: unemployment. Davidson and Matusz update international trade theory to include labor market dynamics and unemployment, and present empirical evidence to show the consistency between their theoretical predictions and actual outcomes. Their models are of more than academic interest. They allow the authors to document the effects of trade and trade policies on low-skilled workers in different countries with different labor market policies and institutions. Moreover, they provide important insights into the relative merits of policies such as trade adjustment assistance, wage subsidies, and job training in aidi! ng those displaced or otherwise harmed by trade liberalization.
"[This] is a Krugmanesque blending of clear and concise prose, simple yet rigorous modeling, and suggestive empirical evidence." -- Relations Industrielles/Industrial Relations 59(2), 2004
A "Noteworthy Book in Industrial Relations and Labor Economics for 2004" -- Selected References - Industrial Relations Section, Princeton University - July 2005
Title: International Trade and Labor Markets: ...
Publisher: W E Upjohn Inst for
Publication Date: 2004
Book Condition: Used: Good
Book Description W E Upjohn Inst for, 2004. Paperback. Book Condition: New. Ships Fast! Satisfaction Guaranteed!. Bookseller Inventory # mon0000546027
Book Description W E Upjohn Inst for, 2004. Paperback. Book Condition: New. book. Bookseller Inventory # M0880992735
Book Description W E Upjohn Inst for, 2004. Paperback. Book Condition: New. Bookseller Inventory # DADAX0880992735
Book Description W.E. Upjohn Institute, Kalamazoo, Michigan, 2004. Paperback. Book Condition: As New. 1st Edition, 1st Printing. With 145pp and no defects. Date stamp. No Writing or Other Marks. Good Packing, Fast Shipping. Bookseller Inventory # 045519
Book Description W E Upjohn Inst for, 2004. Paperback. Book Condition: Good. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. May not contain Access Codes or Supplements. Buy with confidence, excellent customer service!. Bookseller Inventory # 0880992735