This paper discusses the measurement of production and employment effects of trade policy, and more broadly the effects …

. These studies have typically estimated the return to education in terms of changes in wages rather than employment …, effectively ignoring the fact that trade liberalization affects not only wages but also employment opportunities. In this paper we … trade liberalization on the return to education taking into account both changes in wages and employment. The results show …

general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine crosscountry … variation in inequality with respect to import protection. Results are consistent with predictions of the factor-intensity model …

social welfare into real income level and variance components through Gini and Atkinson indexes. We embed these inequality …-adjusted social welfare functions in a general equilibrium structure mapping from tariff protection to household inequality. This … yields predictions regarding the linkages between trade protection, country characteristics and inequality in Heckscher …

We find that investor sentiment should affect a firm's employment policy in a world with moral hazard and noise traders …. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth … worldwide; (2) lower labor productivity, as the growth in employment is not matched by real value added growth; and (3) positive …

would be in a frictionless world. Our resultsrelate to the literature on industry wage differentials and on structural …