Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality
Recent research has emphasized firm heterogeneity as a source of comparative advantage. Combining this approach with labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and inequality. This paper reviews this approach and reports a number of results from recent studies.
Published Versions
E.Helpman, "Labor market frictions as a source of comparative advantage: implications for unemployment and inequality," in Robert M. Solow and Jean-Philippe Touffut (eds.), The Shape of the Division of Labour: Nations, Industries and Households (Cheltenham: Edward Elgar Publishing), 2010.
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