BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20251102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20250301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION: \;Adjusting to Trade Liberalization: \; Reallocation a nd Labor Market Policies Kerem Cosar studies international trade and macro economics. In his recent research\, he applies the tools of macroeconomics \, such as dynamic programming and computational solutions\, to questions arising in international trade. His research contributes to the analysis o f the short run effects of increased international competition. He receive d his Ph.D. in 2010 from the Pennsylvania State University. Labor market r esponses to trade liberalization typically exhibit three features: slow ne t absorption of labor by export-oriented sectors\, large reallocation cost s for displaced workers\, and a disproportionate adjustment burden for old er workers. To explain these features and to analyze alternative policy re sponses\, I develop model with overlapping generations\, labor market sear ch and matching\, and sector-specific human capital accumulated through le arning-by-doing. The model is calibrated to Brazilian data in order to stu dy the dynamics of an economy in transition after trade liberalization. Th e calibrated model shows that human capital plays the biggest role in gene rating the observed slow adjustment to reforms. A targeted employment subs idy that rewards mobility not only improves the distribution of income but also enhances efficiency gains from trade by facilitating faster formatio n of necessary skills during the adjustment period. \; The paper contr ibutes to a better understanding of trade-induced transitional dynamics an d the labor market policies aimed at compensating the losers from trade. DTEND:20101129T223000Z DTSTAMP:20260418T202749Z DTSTART:20101129T210000Z LOCATION: SEQUENCE:0 SUMMARY:TDPE Presents: Kerem Cosar UID:RFCALITEM639121264690656479 X-ALT-DESC;FMTTYPE=text/html: \;Adjusting to Trade Liberalization:  \; Reallocation and Labor Market Policies Kerem Cosar studies internationa l trade and macroeconomics. In his recent research\, he applies the tools of macroeconomics\, such as dynamic programming and computational solution s\, to questions arising in international trade. His research contributes to the analysis of the short run effects of increased international compet ition. He received his Ph.D. in 2010 from the Pennsylvania State Universit y. Labor market responses to trade liberalization typically exhibit three features: slow net absorption of labor by export-oriented sectors\, large reallocation costs for displaced workers\, and a disproportionate adjustme nt burden for older workers. To explain these features and to analyze alte rnative policy responses\, I develop model with overlapping generations\, labor market search and matching\, and sector-specific human capital accum ulated through learning-by-doing. The model is calibrated to Brazilian dat a in order to study the dynamics of an economy in transition after trade l iberalization. The calibrated model shows that human capital plays the big gest role in generating the observed slow adjustment to reforms. A targete d employment subsidy that rewards mobility not only improves the distribut ion of income but also enhances efficiency gains from trade by facilitatin g faster formation of necessary skills during the adjustment period. \ ; The paper contributes to a better understanding of trade-induced transit ional dynamics and the labor market policies aimed at compensating the los ers from trade. END:VEVENT END:VCALENDAR