Economics, Econometrics and Finance
4 years ago

Trade integration boosts welfare gains in local labor markets by 6%.

SSRN Electronic Journal
Estimating the Gains From Trade in Frictional Labor Markets
Germán Pupato, Benjamin Sand, Jeanne Tschopp

Paper Summary

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The article estimates the benefits of trade in countries with local labor market challenges. By studying Germany's trade with China and Eastern Europe, researchers found that trade integration can lead to welfare gains, especially when considering factors like employment rates and market structures. The study suggests that under certain conditions, the welfare gains from trade can be 6% higher than previously thought.