Global value chains (GVCs) have become ubiquitous. The literature that attempts to
understand and explain GVCs is vast, multi-disciplinary and no less complex than the …

This paper estimates a structural dynamic equilibrium model of the Brazilian labor market in
order to study trade‐induced transitional dynamics. The model features a multi‐sector …

China's exports have grown dramatically over the last three decades in large part due to its
rapid penetration of new product markets. To help address the implications of this growth for …

Trade is a cornerstone concept in economics worldwide. This updated second edition of the
essential graduate textbook in international trade brings readers to the forefront of …

This paper studies the welfare implications of trade opening in a world in which trade raises
aggregate income but also increases income inequality, and in which redistribution needs to …

The welfare effects of trade shocks turn on the nature and magnitude of the costs workers
face in moving between sectors. Using an Euler-type equilibrium condition derived from a …

We study a two-country, two-sector model of international trade in which one sector
produces homogeneous products and the other produces differentiated products. Both …

The paper seeks to promote further integration of empirical and theoretical discussions of
trade and worker adjustment. From the author's recent studies of the costs of job loss, she …

Acknowledgements: This paper was presented at the Alvin Hansen Symposium at Harvard
University, May 2, 2007. I would like to thank, without implicating, Gene Grossman and …

Estimates of labor mobility costs are needed to assess the responses of employment and
wages to trade shocks when factor adjustment is costly. Available methods to estimate those …