International trade with equilibrium unemployment / Carl Davidson and Steven J. Matusz.

Format:

Book

Author/Creator:

Davidson, Carl, 1957-

Contributor:

Matusz, Steven J. (Steven Joseph), 1956-

Language:

English

Subjects (All):

International trade.

Unemployment.

Physical Description:

1 online resource (433 p.)

Edition:

Course Book

Place of Publication:

Princeton, NJ : Princeton University Press, 2010.

Language Note:

English

Summary:

While most standard economic models of international trade assume full employment, Carl Davidson and Steven Matusz have argued over the past two decades that this reliance on full-employment modeling is misleading and ill-equipped to tackle many important trade-related questions. This book brings together the authors' pioneering work in creating models that more accurately reflect the real-world connections between international trade and labor markets. The material collected here presents the theoretical and empirical foundations of equilibrium unemployment modeling, which the authors and their collaborators developed to give researchers and policymakers a more realistic picture of how international trade affects labor markets, and of how transnational differences in labor markets affect international trade. They address the shortcomings of standard models, describe the empirics that underlie equilibrium unemployment models, and illustrate how these new models can yield vital insights into the relationship between international trade and employment. This volume also includes an indispensable general introduction as well as concise section introductions that put the authors' work in context and reveal the thinking behind their ideas. Economists are only now realizing just how important these ideas are, making this book essential reading for researchers and students.

Contents:

Frontmatter

CONTENTS

PREFACE

ACKNOWLEDGMENTS

Chapter 1. OUR MOTIVATION

PART 1: NEW INSIGHTS FROM "OLD" TRADE THEORY

Introduction to Part 1.

Chapter 2. THE STRUCTURE OF SIMPLE GENERAL EQUILIBRIUM MODELS WITH FRICTIONAL UNEMPLOYMENT / Davidson, Carl / Martin, Lawrence / Matusz, Steven

Chapter 3. TRADE AND SEARCH-GENERATED UNEMPLOYMENT / Davidson, Carl / Martin, Lawrence / Matusz, Steven

PART 2: COMPLICATIONS

Introduction to Part 2.

Chapter 4. MULTIPLE FREE TRADE EQUILIBRIA IN MICRO MODELS OF UNEMPLOYMENT / Davidson, Carl / Martin, Lawrence / Matusz, Steven

Chapter 5. JOBS AND CHOCOLATE: SAMUELSONIAN SURPLUSES IN DYNAMIC MODELS OF UNEMPLOYMENT / Davidson, Carl / Martin, Lawrence / Matusz, Steven

Chapter 6. LONG-RUN LUNACY, SHORT-RUN SANITY: A SIMPLE MODEL OF TRADE WITH LABOR MARKET TURNOVER / Davidson, Carl / Matusz, Steven J.

PART 3: EMPIRICS

Introduction to Part 3.

Chapter 7. TRADE AND TURNOVER: THEORY AND EVIDENCE / Davidson, Carl / Matusz, Steven J.

Chapter 8. TRADE, TURNOVER, AND TITHING / Magee, Christopher S. P. / Davidson, Carl / Matusz, Steven J.

PART 4: ADJUSTMENT COSTS AND POLICY ISSUES

Introduction to Part 4.

Chapter 9. SHOULD POLICY MAKERS BE CONCERNED ABOUT ADJUSTMENT COSTS? / Davidson, Carl / Matusz, Steven J.

Chapter 10. AN OVERLAPPING-GENERATIONS MODEL OF ESCAPE CLAUSE PROTECTION / Davidson, Carl / Matusz, Steven J.

Chapter 11. TRADE LIBERALIZATION AND COMPENSATION / Davidson, Carl / Matusz, Steven J.

Chapter 12. CAN COMPENSATION SAVE FREE TRADE? / Davidson, Carl / Matusz, Steven J. / Nelson, Douglas R.

PART 5: NEW INSIGHTS FROM "NEW" TRADE THEORY

Introduction to Part 5.

Chapter 13. GLOBALIZATION AND FIRM-LEVEL ADJUSTMENT WITH IMPERFECT LABOR MARKETS / Davidson, Carl / Matusz, Steven J. / Shevchenko, Andrei

Chapter 14. OUTSOURCING PETER TO PAY PAUL: HIGH-SKILL EXPECTATIONS AND LOW-SKILL WAGES WITH IMPERFECT LABOR MARKETS / Davidson, Carl / Matusz, Steven J. / Shevchenko, Andrei

INDEX

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786612458729

9781282458727

1282458728

9781400832163

1400832160

OCLC:

592756165