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UID:af2f37abb222578f66007bddb9e8c8e7
CATEGORIES:Seminars
CREATED:20190729T105156
SUMMARY:Axelle Ferriere - Paris School of Economics
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquis
 ition, with Gaston Navarro and Ricardo Reyes-Heroles\nFuture generations of
  workers can invest in education and avoid the negative consequences of tra
 de openness for low-skilled workers. We exploit variation in exposure to im
 port penetration shocks across space in the United States to show that grea
 ter exposure (i) deteriorated labor market conditions for workers without a
  college education and (ii) increased overall college enrollment, while (ii
 i) the increase in enrollment was entirely driven by students in richer hou
 seholds. To analyze the welfare implications of the effects of trade openne
 ss on college enrollment, we propose a dynamic multi-region model of intern
 ational trade with heterogeneous agents. The model features incomplete cred
 it markets and costly endogenous skill acquisition by new cohorts of worker
 s. We calibrate the model to match trends in aggregate trade data for the U
 nited States between the late 1980s and 2010, and differential exposure to 
 import penetration across regions in 1990. A decline in import barriers gen
 erates increased college enrollment and positive welfare gains for all work
 ers in the long-run. However, these gains are concentrated on workers with 
 a college education, whose welfare gains are twice as large as those of non
 -college workers. While all workers in the manufacturing sector lose from g
 rater trade openness, a small number of college educated workers in manufac
 turing with low wealth experience the greatest losses. Increasing college e
 nrollment for new cohorts over time plays a crucial role in allowing new ge
 neration of workers to escape the potential welfare losses form trade. Howe
 ver, low-wealth/low-income generations of households take the longest to ac
 quire skills. They are therefore the last to experience positive gains from
  trade openness, and in some cases may not realize any gains within a life-
 time.\n
DTSTAMP:20260404T094910Z
DTSTART:20191202T163000Z
DTEND:20191202T180000Z
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