This paper introduces a framework to study the impact of trade liberalization on wage inequality and welfare in the presence of monopsonistic labor markets. The interaction of firm heterogeneity in productivity with idiosyncratic preferences of workers for working at different firms generates...

This paper charts the growth and development of the Latino population of the northeastern U.S. from 1970 to 2015. The relatively small population dominated by Puerto Ricans and concentrated in New York and a few other cities has evolved into a large, diverse, and more geographically dispersed...