This paper investigates the effect of increased import competition on U.S. manufacturing employment and wages using data for a panel of manufacturing industries over the 1977-87 period. The empirical analysis uses previously unavailable industry import price data and an instrumental variables estimation strategy. The estimates suggest that changes in import prices have a significant effect on both employment and wages. The dramatic appreciation of the dollar between 1980 and 1985 is estimated to have reduced wages by 2 percent and employment by 4.5-7.5 percent on average in this sample of trade-impacted industries. Copyright 1992, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Volume (Year): 107 (1992) Issue (Month): 1 (February) Pages: 255-84 Download reference. The following formats are available: HTML
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