Bardhan, Ashok; Tang, John - Volkswirtschaftliche Fakultät, … - 2006
external shocks (e.g. manufacturing offshoring, oil shocks) impact the labor market along sectoral lines, i.e. they impact … product and output markets; consequently, they affect employment in various occupations. Some shocks, however, like services … offshoring, affect horizontals or occupations. We find that an occupation spread across many industrial sectors is less volatile …