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Job Creation, Job Destruction, and International Competition

Author

Listed:
  • Michael W. Klein

    (Tufts University)

  • Scott Schuh

    (Federal Reserve Bank of Boston)

  • Robert K. Triest

    (Federal Reserve Bank of Boston)

Abstract

The authors present a picture of how the effects of international trade on employment in U.S. manufacturing industries vary widely. They explore the labor-market dynamics and adjustment costs associated with international factors, particularly the way fluctuations in exchange rates, overseas economic activity, and the altering of trade restrictions contribute to churning-the simultaneous job creation among some firms and job destruction among others.

Suggested Citation

  • Michael W. Klein & Scott Schuh & Robert K. Triest, 2003. "Job Creation, Job Destruction, and International Competition," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number jcjd, August.
    • Handle: RePEc:upj:ubooks:jcjd
    Note: PDF is the book's first chapter.
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    More about this item

    Keywords

    job creation; job destruction; trade; international trade; international competition; exchange rates;
    All these keywords.

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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