HKS Affiliated Authors


Adjustment and Income Distribution Impacts on the TPP. Robert Lawrence, April 2016, Book Chapter. "Like all free trade agreements, the Trans-Pacifi c Partnership (TPP) will yield gains to the economy in general but force difficult adjustments on some workers and businesses. Peter A. Petri and Michael G. Plummer (2016) find that the agreement will benefi t the United States as a whole, raise real wages of both skilled and unskilled workers, and increase the real return to capital. It will, however, hurt some workers. In particular, some workers will be displaced by imports and lose income from being unemployed or earning less in their new jobs." Link