Trade Adjustment Assistance: The Costs Of Adjustment And Policy Proposals
AbstractThis study concentrates on the adjustment costs of laying off workers from firm which are forced to reduce production and employment. Both the private income losses to the displaced workers and the cost to the economy of labour displacement are examined. The costs of adjustment for displaced workers are measured by the difference between the present value of two income streams. The first measures what the workers would expect to receive if their existing jobs were to continue, whereas the second measures what they would expect to receive if a layoff takes place.
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Bibliographic InfoPaper provided by JDI Executive Programs in its series Development Discussion Papers with number 1978-04.
Length: 313 pages
Date of creation: Apr 1978
Date of revision:
trade adjustment assistance; adjustment costs;
Find related papers by JEL classification:
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
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- Glenn Jenkins, 1985. "Costs And Consequences Of The New Protectionism: The Case Of Canada’S Clothing Sector," Development Discussion Papers 1985-04, JDI Executive Programs.
- J. David Richardson, 1982. "Trade Adjustment Assistance under the U.S. Trade Act of 1974: An Analytical Examination and Worker Survey," NBER Working Papers 0556, National Bureau of Economic Research, Inc.
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