When materials offshoring is measured by estimating imported intermediate inputs, a common assumption used is that an … the 3-digit I-O industry level, there is a correlation of 0.68 between the offshoring shares made with and without the …

When materials offshoring is measured by estimating imported intermediate inputs, a common assumption used is that an … the 3-digit I-O industry level, there is a correlation of 0.68 between the offshoring shares made with and without the …

as big as it was. If housing prices had not responded at all to the China shock, then the total employment effect of the … shock, however, so the independent employment effect of the China shock is reduced by about 20-30%, with that remainder …

to work. Controlling for housing reduces the negative coefficient of import exposure on manufacturing employment by 20 …-25%, with a significant indirect magnification through the housing market. Combining manufacturing and construction employment …, the indirect effect of the China shock through the housing market explains one-fifth as much of the variance in employment …