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Nina Pavcnik at Jackson Hole

At the Fed’s annual confab at Jackson Hole, the assembled central bankers and academics heard from Economics Professor Nina Pavcnik:

Nina Pavcnik1 Comp.jpg

Here’s her paper (“The Impact of Trade on Inequality in Developing Countries”), and the notes of her remarks.

The Financial Times commented on Nina’s presentation:

Nina Pavchik FT.jpg

Addendum: Phil, you might look into how the Econ department does so well, yet it has no graduate students.

Addendum: Nina’s work and her presentation at Jackson Hole were also cited in the Times yesterday:

But there is an emerging mountain of evidence that economists also have significantly and systematically understated the disruptions caused by increased trade for workers, particularly in manufacturing, their families and their communities.

“The backlash against globalization does not arise because people doubt trade’s overall benefits,” said Nina Pavcnik, a professor of economics at Dartmouth College. “The backlash reflects that trade makes some individuals worse off.”

The idea that developed nations should focus on reaping the benefits of trade, and then worry about offsetting the costs, has produced large benefits, particularly for the wealthy — and large uncompensated costs, particularly for the workers.


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