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 …

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 …

We identify “first generation” statistics to measure offshoring as the share of imported intermediate inputs in costs … demand and relative wages due to offshoring. A limitation of these statistics is that they cannot be used to measure the … impact on real wages, and for that purpose, we need price-based measures of offshoring. More recently, “second generation …

We examine the employment responses to import competition from China and to global export expansion from the United …

find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …