Carneiro, Rafael Dix; Traiberman, Sharon - National Bureau of Economic Research - 2022
We investigate the role of trade imbalances for the distributional consequences of globalization. We do so through the …) workers with different levels of skills are organized into separate representative households; (b) endogenous trade imbalances … quantitative importance of both trade imbalances and capital-skill complementarity for the dynamics of the skill premium. We show …