changes; interregional migration; shifts between tradable and nontradable employment; and shifts between formal employment …, informal employment, and non-employment. Our results provide insight into the regional labor market effects of trade, and have … important implications for policies that address informal employment and that assist trade-displaced workers …

. A concurrent rise in US service employment led to a negligible aggregate unemployment response. We then benchmark our …

-equalizing migration. Instead, we find steadily growing effects of local shocks on regional formal sector wages and employment for 20 years … shift out of the formal tradable sector and into the formal nontradable sector. Non-employment strongly increases in harder …-hit regions in the medium run, but in the longer run, non-employed workers eventually find re-employment in the informal sector …