Missing gains from trade?

Marc J. Melitz, Stephen Redding, 10 March 2014



The theoretical result that there are gains from trade is a central tenet of international economics. Assuming perfect competition and no market failures, trade acts like a technological improvement that expands the set of feasible allocations and enables Pareto superior outcomes to be achieved. A recent body of research has sought to quantify the magnitude of these welfare gains.

Topics: International trade
Tags: gains from trade, productivity, supply chains, welfare

It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship

Rand Ghayad, William Dickens, 5 January 2013



The Beveridge curve – the empirical relationship between unemployment and vacancies – is thought to be an indicator of the efficiency of the functioning of the labour market. Normally when vacancies rise, unemployment falls following a curved path that typically remains stable over long periods of time.

Topics: Labour markets
Tags: skills, unemployment, US, welfare

China’s pure exporter subsidies: Protectionism by exporting

Fabrice Defever, Alejandro Riaño, 4 January 2013



On 17 September last year, the US requested consultations with China concerning a wide range of export-contingent measures – grants, tax preferences and interest-rate subsidies, totalling at least $1 billion – in apparent violation of the WTO’s Agreement on Subsidies and Countervailing Measures, China’s accession protocol and article XVI of the GATT.

Topics: International trade
Tags: China, trade, welfare, WTO

Religion makes people happy, so why is church attendance declining?

Bruno S Frey, Jana Gallus, 2 October 2011



Modern happiness research leaves no doubt that religious people are happier than their contemporaries. And the causality runs from religion to happiness (though it might also be possible that religious people are less interested in material aspects and, therefore, less affluent).

Topics: Frontiers of economic research
Tags: churches, happiness research, life satisfaction, religion, welfare

The price effects of cash versus in-kind transfers

Jesse Cunha, Giacomo De Giorgi, Seema Jayachandran, 26 September 2011

Vox readers can download CEPR Discussion Paper 8581 for free here. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR 

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: www.cepr.org/DP8581
Topics: Poverty and income inequality, Welfare state and social Europe
Tags: consumer prices, poverty reduction, welfare

It is migration, stupid

Tito Boeri, 23 June 2009



Recessions are traditionally good times for left-wing parties, whose support for redistributive policies is perceived by voters as a sort of insurance scheme. If someone loses her job in the recession or gets poorer in the generalised downturn, there will be someone up there in the “centre of things” making sure that she receives some social support.

Topics: Migration
Tags: immigration, unemployment, welfare

Welfare payments, liquidity constraints, and crime

Fritz Foley, 5 August 2008



Consider an individual who receives support from welfare payments that occur once a month. Several recent papers indicate that this individual is likely to spend this income soon after receiving it and to face severe liquidity constraints.

Topics: Welfare state and social Europe
Tags: consumption smoothing, crime, liquidity constraints, Poverty, saving, US, welfare

Measuring the welfare gain from new goods

Karen Kopecky , Jeremy Greenwood, 3 March 2008



New goods are constantly introduced. Some have a major impact, others little. Consider the recent case of the Apple iPhone. How much has the iPhone improved your welfare?

Topics: Productivity and Innovation
Tags: innovation, new goods, PCs, welfare

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