This paper studies a simple, tractable model of labor adjustment in a trade model that allows researchers to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, duality techniques can be employed to study the equilibrium and, despite its simplicity, a rich variety of properties emerge. The model generates gross flows of labor across industries, even in the steady state; persistent wage...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2014/11/01
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Рабочий документ в рамках исследования вопросов политики
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WPS7089
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1
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1
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2014/11/01
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Disclosed
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Some simple analytics of trade and labor mobility
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steady state
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Официальная версия документа (может содержать подписи, и т.д.)