how this framework can generate changes in unemployment and labor participation that match those uncovered by the … empirical literature studying the "China shock." We find that the China shock leads to average welfare increases in most U ….S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …