Journal Article

The Winners and Losers from Trade


Abstract: Although increased international trade is widely viewed as beneficial to the economies of the participating countries, the benefits are not distributed evenly across individuals within those countries, and indeed some individuals may bear a cost. We discuss two channels through which trade can affect individuals differently depending on their skill and income levels and assess the combined impact of those channels. We find that the effects of trade on the labor market and the effects of trade on prices go in opposite directions and are of similar magnitude.

https://doi.org/10.26509/frbc-ec-201915

Access Documents

File(s): File format is text/html https://doi.org/10.26509/frbc-ec-201915
Description: Full text

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2019

Issue: September

Order Number: 15