Labor market frictions as a source of comparative advantage, with implications for unemployment and inequality
National Bureau of Economic Research, Cambridge ; Helpman, Elhanan
NBER - Cambridge, MA
2010
20 p.
labour market ; trade ; unemployment ; social inequality
Working Paper Series
15764
Trade
English
"Recent research has emphasized firm heterogeneity as a source of comparative advantage. Combining this approach with labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and inequality. This paper reviews this approach and reports a number of results from recent studies."
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