model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade … quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a … 2.2% gain in response to globalization shocks. These gains would have been 73% larger in the absence of the global …

We investigate the role of trade imbalances for the distributional consequences of globalization. We do so through the … that modelling trade imbalances can lead to stark differences between short- and long-run consequences of globalization …