Calendrier du 10 novembre 2014
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 10/11/2014 de 12:00 à 13:00
MSE Room S19
GRUJOVIC Anja (UNIVERSITY OF GENEVA)
Trade and long term unemployment: A quantitative assessment
écrit avec Co-author(s) Céline Carrère and Frédéric Robert-Nicoud
We develop a multi-country, multi-sector, trade gravity model with labour market frictions and long-term equilibrium unemployment. We find that trade liberalisation may lead to a rise in unemployment if it results in labour reallocation towards sectors with higher-than-average labour market frictions. We calibrate the model using panel trade data and estimated sector-specific labour market frictions to quantify the employment and welfare effects of the potential Transatlantic Trade and Investment Partnership (TTIP) on OECD countries.