Brings together the authors' work in creating models that more accurately reflect the real-world connections between international trade and labor markets. This book addresses the shortcomings of standard models and describes the empirics that underlie equilibrium unemployment models.
"The pathbreaking research synthesized in this volume shows that labor market frictions are central to understanding the distributional consequences of international trade. Anyone interested in the intellectual debate about globalization should read this book. It is an essential reference for researchers and students in international trade."--Stephen J. Redding, London School of Economics and Political Science
"Davidson and Matusz pioneered the modern theory of international trade with labor market frictions. This book knits together their major work on this subject, and delivers fundamental insights concerning the effects of globalization on unemployment patterns, wage distributions, adjustment burdens, intergenerational welfare gaps, and trade policy formation. Any serious study of this literature should begin with this volume."--James R. Tybout, Pennsylvania State University
"This is an important and timely volume. The quality of scholarship in these papers is of a consistently high standard, and readers will not only find the individual papers analytically rich but also accessible. The economics profession has finally recognized just what a central issue trade with unemployment is--Davidson and Matusz recognized it twenty years ago and have been building tractable models that have yielded important insights."--David Greenaway, University of Nottingham
"The pathbreaking research synthesized in this volume shows that labor market frictions are central to understanding the distributional consequences of international trade. Anyone interested in the intellectual debate about globalization should read this book. It is an essential reference for researchers and students in international trade."
-Stephen J. Redding, London School of Economics and Political Science
