Discussion of economics and public policy that derives from economics.
The David Autor trade paper
The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade
China's emergence as a great economic power has induced an epochal shift in patterns of world trade. Simultaneously, it has challenged much of the received empirical wisdom about how labor markets adjust to trade shocks. Alongside the heralded consumer benefits of expanded trade are substantial adjustment costs and distributional consequences.
nber.org


