This paper examines the labor market consequences of recent global supply chain disruptions induced by COVID-19. Specifically, it considers a temporary increase in international trade costs similar to the one observed during the pandemic and analyzes its effects on labor market outcomes using a quantitative trade model with downward nominal wage rigidities. Even omitting any health-related impacts of the pandemic, the increase in trade costs leads...
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DETAILS
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2023/05/02
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Policy Research Working Paper
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WPS10434
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1
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2023/05/02
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Disclosed
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Labor Market Effects of Global Supply Chain Disruptions
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Citation
Ulate,Mauricio; Vasquez,Jose P.; Zarate Vasquez,Roman David.
Labor Market Effects of Global Supply Chain Disruptions (English). Policy Research working paper ; no. WPS 10434; COVID-19 (Coronavirus) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099742505022340571