Trade and Welfare (Across Local Labor Markets)

What are the welfare implications of trade shocks? We provide a sufficient statistic that measures changes in welfare, to a first-order approximation, taking into account adjustment in labor supply, in frictional unemployment, and in the sectors to which workers apply while allowing for arbitrary heterogeneity in worker productivity and nonpecuniary returns across sectors. We apply these insights to measure changes in welfare across commuting zones (CZs) in the U.S. between 2000-2007. We find that granting China permanent normal trade relations lowers the welfare of a CZ at the 90th percentile of exposure by 3.1 percentage points relative to a CZ at the 10th percentile; of this, approximately 65 percent is due to changes in unemployment and much of this is driven by the non-pecuniary costs of unemployment.

We thank David Atkin, Ariel Burstein, Arnaud Costinot, Pablo Fajgelbaum, and Katheryn Russ for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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Concept, Theory and Models of Labour Welfare and Social Security

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This paper includes employment policies based on the labor welfare and I basically emphasized on laborers working in industrial sector which comes under organized oneI in this paper deals with central argument that what are the reasons for various kinds of protests ongoing on the basis of violation of worker rights, why there is a conflicting relation between employers and employees, what are the various labor problems with regard to income, employment etc, why there is a quest for protection of rights even if social security schemes are being established, what is the reason of informalization of labor and emergence of working class movements.Labor force whether educated or illiterate is increasing day by day in both formal and in-formal sector. Labor welfare is an important process, it is essential to provide safety and other welfare arrangements and security against economic fear which is an urge of workers and employees through ages, therefore it is a two way process government and factory owners must understand the labor wants and labor should also understand their responsibilities and duties. Emergence of trade union movement after 1st world war due to industrial expansion there was huge amount of Industrial strikes and it acted as impetus for strengthening and expansion of employer organization, however various kinds of protests are done by trade unions for protection of rights of workers and problem of workers. Trade unions in India are different from west because they are regulated by some political party many a time, in-fact some strikes are done in factory due to their interference. Establishment of labor legislations provides social justice and has great impact on industrial relation system.

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  5. Trade and Welfare (Across Local Labor Markets)

    Trade and Welfare (Across Local Labor Markets) Ryan Kim & Jonathan Vogel. Working Paper 27133. DOI 10.3386/w27133. Issue Date May 2020. What are the welfare implications of trade shocks? We provide a sufficient statistic that measures changes in welfare, to a first-order approximation, taking into account adjustment in labor supply, in ...

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    Background: During the growing time of technology, the organizations cannot increase their employee's commitment by providing salaries on time. When the organization offer different welfare measures to their employees, there is an opportunity to increase the commitment of the employee. Objective: The aim of the study is to analyse labour welfare measure and its relationship with employee's ...

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    admitted that economic welfare was not the index of total welfare.Labour welfare is a part of social welfare, conceptually and operationally. It covers a broadfield and connotes a state of well-being happiness, satisfaction, conservation anddevelopment of ... expressed their views in his research paper under title heading ―The changing face ...

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    International Journal for Multidisciplinary Research (IJFMR) E-ISSN: 2582-2160 Website: www.ijfmr.com Email: [email protected] IJFMR23033300 Volume 5, Issue 3, May-June 2023 1 A Systematic Literature Review and Meta-Analysis of Employee Welfare and Social Security Measures in the Manufacturing Industries Thakur Roopal Singh

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  20. Concept, Theory and Models of Labour Welfare and Social Security

    This concept of legislation and its enforcement for compliance is known as the policing theory of labour welfare. 3.10.5 Placating Theory Placating theory implies that appeasement pays when the labour is organized and is militant in nature. Peace can be brought and maintained by various kinds of welfare measures.

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