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This paper investigates three hypotheses to account for the observed shifts in U.S. relative wages of less educated compared to more educated workers between 1967 and 1992: increased import competition, changes in the relative supplies of labor of different education levels and changes in...
Persistent link: https://www.econbiz.de/10012763662
This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United States. Regional exposure to technological change, as measured by specialization in routine task-intensive production and clerical occupations, is largely uncorrelated with regional...
Persistent link: https://www.econbiz.de/10013083804
This paper studies empirically the links between international trade and labor income risk faced by workers in the United States. We use longitudinal data on workers to estimate time-varying individual income risk at the industry level. We then combine our estimates of persistent labor income...
Persistent link: https://www.econbiz.de/10013159518
Do international trade and finance flow together? In theory, trade and finance can be substitutes or complements, so …
Persistent link: https://www.econbiz.de/10012778305
Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income level. This relationship is similar to that found for...
Persistent link: https://www.econbiz.de/10012778835
In this paper I use a large multi-country data set to analyze the determinants of abrupt and large %u201Ccurrent account reversals.%u201D The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by...
Persistent link: https://www.econbiz.de/10012761662
endowments theory would predict, the United States tends to trade more with densely-populated countries, while Japan tends to …
Persistent link: https://www.econbiz.de/10012763473
We develop an empirical framework to assess the importance of trade and technical change on the wages of production and nonproduction workers. Trade is measured by the foreign outsourcing of intermediate inputs, while technical change is measured by the shift towards high-technology capital such...
Persistent link: https://www.econbiz.de/10013219298
around the world. Consistent with the theory we find that the importance of DFI relative to exports grows with population …, although, contrary to our theory, the elasticity of DFI, as well as exports, with respect to population is less than one. We … find that distance tends to inhibit DFI much less than it inhibits exports, as our theory predicts. We find some tendency …
Persistent link: https://www.econbiz.de/10013225821
We combine data on individual trade transactions from U.S. customs records with comprehensive information on firms' employment from the Census Bureau's business register to examine wholesalers and retailers in U.S. exports and imports. Exporters and importers with 100 percent employment in...
Persistent link: https://www.econbiz.de/10013148857