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International Trade, Comparative Advantage and the Incidence of Layoff Unemployment Spells

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  • Hungerford, Thomas L

Abstract

The 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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  • Hungerford, Thomas L, 1995. "International Trade, Comparative Advantage and the Incidence of Layoff Unemployment Spells," The Review of Economics and Statistics, MIT Press, vol. 77(3), pages 511-521, August.
    • Handle: RePEc:tpr:restat:v:77:y:1995:i:3:p:511-21
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    Cited by:

    1. 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.
    2. Eckhard Janeba, 2009. "Exports, unemployment, and the welfare state," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 42(3), pages 930-955, August.
    3. Mark S. Leclair, 2002. "Export Composition and Manufacturing Employment in the US during the Economic Downturn of 1991-92," Economic Systems Research, Taylor & Francis Journals, vol. 14(2), pages 147-156, June.

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