Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/249697 
Year of Publication: 
2021
Series/Report no.: 
IFS Working Paper No. W21/42
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
In this paper we examine the possible distributional impacts of new trade barriers associated with the new Trade and Cooperation Agreement governing relations between the UK and EU after Brexit. We use a model of labour demand that incorporates input-output links across industries, and that allows for demand substitution by firms and consumers and worker reallocation across industries. We find that workers' exposure is moderately increasing across the earnings distribution. Exposure is greater for men than for women as they are more likely to work in manufacturing industries that are relatively harder hit by new trade barriers. Looking across areas, we find that exposure to new Brexit trade barriers is uncorrelated with measures of local deprivation and the impacts of the recent COVID-19 pandemic.
Subjects: 
Trade
income distribution
inequality
JEL: 
D33
D57
F61
F66
J20
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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