TRADE LIBERALIZATION AND THE GREAT LABOR REALLOCATION
研究关税削减如何影响中国劳动力配置，发现户籍制度造成的迁移摩擦会削弱贸易自由化的福利收益，废除户籍制度虽直接提升福利但会减少关税削减的收益并加剧分配效应。
Abstract I examine how migration frictions shape the effects of trade policy by analyzing the impact of tariff reductions on labor allocation in China and the role of hukou‐based migration frictions. Trade liberalization induces significant labor reallocation, greater in regions with lower hukou frictions. Quantitatively, trade liberalization increases China's welfare by 0.72%. Abolishing the hukou system directly improves welfare by 1.75% but reduces gains from tariff reductions by 18% and amplifies negative distributional effects. In the process, I develop a novel measure of hukou‐related migration frictions.