International Trade, Comparative Advantage and the Incidence of Layoff Unemployment Spells
AbstractThe gains and losses to factors of production from trade are discussed primarily within the context of the Stolper-Samuelson theorem which focuses on factor rewards. But policy makers are more concerned about employment effects of trade. This paper focuses on the short-run effects of trade on the incidence of layoffs in U.S. manufacturing industries. A probit model with endogenous switching is employed to estimate the effects of trade shocks and explore the role of comparative advantage on layoffs. The evidence suggests that trade shocks play a minor role in the incidence of layoff spells. However, net importing industries tend to adjust their labor force through layoffs to a greater extent than net exporting industries. Copyright 1995 by MIT Press.
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Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 77 (1995)
Issue (Month): 3 (August)
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- Alessia LO TURCO & Daniela MAGGIONI & Matteo PICCHIO, 2012.
"Offshoring and Job Stability: Evidence from Italian Manufacturing,"
378, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
- Lo Turco, Alessia & Maggioni, Daniela & Picchio, Matteo, 2013. "Offshoring and job stability: Evidence from Italian manufacturing," Structural Change and Economic Dynamics, Elsevier, vol. 26(C), pages 27-46.
- A. Lo Turco & D. Maggioni & M. Picchio, 2012. "Offshoring and Job Stability: Evidence from Italian Manufacturing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/817, Ghent University, Faculty of Economics and Business Administration.
- Alessia LO TURCO & Daniela MAGGIONI & Matteo PICCHIO, 2012. "Offshoring and Job Stability: Evidence from Italian Manufacturing," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2012007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Lo Turco, A. & Maggioni, D. & Picchio, M., 2012. "Offshoring and Job Stability: Evidence from Italian Manufacturing," Discussion Paper 2012-034, Tilburg University, Center for Economic Research.
- Lo Turco, Alessia & Maggioni, Daniela & Picchio, Matteo, 2012. "Offshoring and Job Stability: Evidence from Italian Manufacturing," IZA Discussion Papers 6514, Institute for the Study of Labor (IZA).
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