Our motivation -- The structure of simple general equilibrium models with frictional unemployment -- Trade with search-generated unemployment -- Multiple free trade equilibria in micro models of unemployment -- Jobs and chocolate : Samuelsonian surpluses in dynamic models -- Long-run lunacy, short-run sanity : a simple model of trade with labor market turnover -- Trade and turnover : theory and evidence -- Trade, turnover, and tithing -- Should policy makers be concerned about adjustment costs? -- An overlapping-generations model of escape clause protection -- Trade liberalization and compensation -- Can compensation save free trade? -- Globalization and firm-level adjustment with imperfect labor markets -- Outsourcing Peter to pay Paul : high-skill expectations and low-skill wages with imperfect labor markets.
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While most standard economic models of international trade assume full employment, Carl Davidson and Steven Matusz have argued over the past two decades that this reliance on full-employment modeling is misleading and ill-equipped to tackle many important trade-related questions. This book brings together the authors' pioneering work in creating models that more accurately reflect the real-world connections between international trade and labor markets. The material collected here presents the theoretical and empirical foundations of equilibrium unemployment modeling, which the authors and the.
JSTOR
MIL
22573/ctts6t2
245872
International trade with equilibrium unemployment.