This paper studies the link between volatility, labor market flexibility, and international trade. International …

We propose a theory that rising globalization and rising wage inequality are related because trade liberalization … acumen, and we estimate this correlation to be large using firm-level data from Chile in 1995. A fall in trade costs leads to … both greater trade volumes and an increase in the relative demand for skill, as the lowest-cost/most-skilled firms expand …

We construct a model of international trade and multinational production (MP) to examine the impact of globalization on … heterogeneity across producers within sectors, and skill-biased technology. Reductions in trade and/or MP costs induce a … of trade and MP between the U.S. and skill-abundant and skill-scarce countries in 2006. We show that a reduction in trade …

productivity and a large expansion of employment, as it grew from 8 to 14 percent of the workforce. Changes in trade policy …

We study the impact of intersectoral and interregional trade linkages in propagating disaggregated productivity changes …

, institutions did not change, the market-based mechanisms of standard trade theory were salient, and wages fell by 24%. In short …, movements in the terms of trade induced changes in coercive institutions, changes that are central for understanding how the … terms of trade affects wages. …

This paper studies empirically the links between international trade and labor income risk faced by workers in the … then combine our estimates of persistent labor income risk with measures of exposure to international trade to analyze the … relationship between trade and labor income risk. Importantly, by contrasting estimates from various sub-samples of workers, such …