Are occupations that are well diversified across sectors less volatile and less susceptible to external shocks? Most external shocks, like manufacturing offshoring and oil shocks, impact the labor market along sectoral lines, i.e. they impact product and output markets; consequently, they affect employment in various occupations. Some shocks, however, like services offshoring, affect horizontals or occupations. We suggest a new approach to assess the vulnerability of jobs due to such shocks. We find that an occupation spread across multiple industries is less volatile in terms of numbers employed and the average wage. Including various measures of an occupation's offshorability does not affect the results; however, geographically clustered occupations seem more “at-risk,” after accounting for sectoral diversification.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
3168.
Find related papers by JEL classification: J2 - Labor and Demographic Economics - - Demand and Supply of Labor J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies F2 - International Economics - - International Factor Movements and International Business
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Alan S. Blinder, 2005.
"Fear of Offshoring,"
Working Papers
83, Princeton University, Department of Economics, Center for Economic Policy Studies..
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