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Terms of Trade Shocks, Labor-Market Adjustment and Safeguard Measures
James D. Gaisford
Lawrence A. Leger
出版
SSRN
, 2001
URL
http://books.google.com.hk/books?id=xmDgzwEACAAJ&hl=&source=gbs_api
註釋
This paper explores a simple model of labor market adjustment where inter-sectoral transfer in response to terms of trade shocks involves both sector-specific skill acquisition and workplace disruption. Externalities arise because the marginal migrant does not consider the congestion costs imposed on intra-marginal migrants or the disruption costs imposed on the incumbent workers in both sectors. While these externalities give rise to a case for temporary adjustment assistance, the analysis does not support the use of trade measures such as tariffs.
