TABLE OF CONTENTS: PREFACE ix
ACKNOWLEDGMENTS xv
CHAPTER 1: Our Motivation 1
PART 1: NEW INSIGHTS FROM "OLD" TRADE THEORY 25
Introduction to Part 1 27
CHAPTER 2: The Structure of Simple General Equilibrium Models with Frictional Unemployment 33
CHAPTER 3: Trade and Search-Generated Unemployment 60
PART 2: COMPLICATIONS 91
Introduction to Part 2 93
CHAPTER 4: Multiple Free Trade Equilibria in Micro Models of Unemployment 97
CHAPTER 5: Jobs and Chocolate: Samuelsonian Surpluses in Dynamic Models of Unemployment 110
CHAPTER 6: Long-Run Lunacy, Short-Run Sanity: A Simple Model of Trade with Labor Market Turnover 138
PART 3: EMPIRICS 159
Introduction to Part 3 161
CHAPTER 7: Trade and Turnover: Theory and Evidence 165
CHAPTER 8: Trade, Turnover, and Tithing 195
PART 4: ADJUSTMENT COSTS AND POLICY ISSUES 221
Introduction to Part 4 223
CHAPTER 9: Should Policy Makers Be Concerned about Adjustment Costs? 227
CHAPTER 10: An Overlapping-Generations Model of Escape Clause Protection 265
CHAPTER 11: Trade Liberalization and Compensation 292
CHAPTER 12: Can Compensation Save Free Trade? 321
PART 5: NEW INSIGHTS FROM "NEW" TRADE THEORY 349
Introduction to Part 5 351
CHAPTER 13: Globalization and Firm-Level Adjustment with Imperfect Labor Markets 355
CHAPTER 14: Outsourcing Peter to Pay Paul: High-Skill Expectations and Low-Skill Wages with Imperfect Labor Markets 388
INDEX 407
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