Felbermayr, Gabriel; Prat, Julien; Schmerer, Hans-Jörg - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
effect of trade influences labor market outcomes. Trade liberalization lowers unemployment and raises real wages as long as …We introduce search unemployment à la Pissarides into Melitz (2003) model of trade with heterogeneous firms. We allow …
