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Trade‐related Job Loss and Wage Insurance: a Synthetic Review
Author(s) -
Kletzer Lori G.
Publication year - 2004
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/j.1467-9396.2004.00479.x
Subject(s) - stylized fact , economics , wage , free trade , set (abstract data type) , work (physics) , job loss , empirical research , labour economics , macroeconomics , international economics , unemployment , computer science , mechanical engineering , philosophy , epistemology , engineering , programming language
The paper seeks to promote further integration of empirical and theoretical discussions of trade and worker adjustment. From the author's recent studies of the costs of job loss, she develops a set of stylized facts of trade‐related job loss, with a focus on worker characteristics and labor market consequences. These stylized facts are relevant to any (credible) model of trade liberalization and adjustment costs. The author discusses the basic ideas of wage insurance and summarizes the few data known about how a program might work if implemented in the United States. A final section provides a list of issues for a model of trade that will be consistent with the empirical stylized facts, and sets out questions for future research.