Job Creation, Job Destruction, and International Competition

by Klein, Michael W.; Schuh, Scott; Triest, Robert K.

• ISBN13: 9780880992718
• ISBN10: 0880992719
• Format: Paperback
• Copyright: 2003-10-01
• Publisher: W E Upjohn Inst for

Table of Contents

Acknowledgments	ix
1 Introduction	1	(16)
Job Reallocation and International Trade	4	(3)
Reallocation Across and Within Industries	7	(2)
Overview and Summary of Results	9	(4)
Notes	13	(4)
2 Openness 15 Openness Over Time and Across Industries	17	(16)
The Volatility of Dollar Exchange Rates	22	(4)
The Diversity of Behavior of Industry-specific Exchange Rates	26	(4)
Conclusion	30	(1)
Notes	30	(3)
3 Job Creation and Job Destruction	33	(16)
Gross Job Flows in U.S. Manufacturing	35	(11)
Conclusion	46	(1)
Notes	47	(2)
4 Literature Review	49	(34)
International Factors and Labor Markets	50	(11)
International Factors and Net Employment	61	(11)
International Factors and Gross Flows	72	(8)
Notes	80	(3)
5 Job Flows and the Exchange Rate	83	(14)
Job Flows and Idiosyncratic shocks	84	(4)
The Role of Aggregate shocks	88	(3)
Implications of the Model	91	(2)
Conclusion	93	(1)
Notes	94	(3)
6 Regression Implementation and Results	97	(16)
Empirical Implementation	98	(4)
Regression Results	102	(7)
Conclusions and Interpretations	109	(1)
Notes	110	(3)
7 Job Flows and Trade	113	(36)
Economic Effects of Trade Liberalization	114	(3)
An Overview of NAFTA	117	(1)
Previous Research Related to the Economic Effects of NAFTA	118	(3)
Sector-specific Effects	121	(24)
Conclusion	145	(2)
Notes	147	(2)
8 Policy Implications	149	(14)
Summary of Main Findings	151	(2)
Exchange Rate Management	153	(1)
Tariffs and Industrial Policy	154	(3)
Worker Assistance Policies	157	(2)
Conclusion	159	(2)
Notes	161	(2)
9 Directions for Future Research	163	(10)
Matching Job and Worker Flows	164	(1)
Data Development	165	(4)
Measuring Labor-Adjustment Costs	169	(2)
Summary	171	(1)
Notes	172	(1)
Appendix A: Standard Industrial Classification (SIC) System	173	(2)
Appendix B: A Formal Economic Model of the Effect of Exchange	175	(3)
Rate Changes on Job Creation and Job Destruction Note	178	(1)
Appendix C: Data Sources	179	(1)
Note	180	(3)
References	183	(10)
The Authors	193	(2)
Index	195	(6)
About the Institute	201