Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy
利用哥伦比亚企业数据，估计了一个将贸易与职位流动和工资联系起来的开放经济动态模型，发现贸易自由化提高了国民收入，但代价是更高的失业率、工资不平等和企业波动，而劳动力市场改革缓解了部分负面影响。
This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows and wages. Counterfactual experiments imply that Colombia's integration with global product markets increased its national income at the expense of higher unemployment, greater wage inequality, and increased firm-level volatility. In contrast, contemporaneous labor market reforms dampened the increase in unemployment and aggregate job turnover. The results speak more generally to the effects of globalization on labor markets.