Upjohn Research

Title

Job Creation, Job Destruction, and International Competition

Authors

Michael W. Klein, Tufts University
Scott Schuh, Federal Reserve Bank of Boston
Robert K. Triest, Federal Reserve Bank of Boston

Year

2003

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.

Contents

1. Introduction
2. Openness
3. Job Creation and Job Destruction
4. Literature Review
5. Job Flows and the Exchange Rate
6. Regression Implementation and Results
7. Job Flows and Trade
8. Policy Implications
9. Directions for Future Research

Citation

Klein, Michael W., Scott Schuh, and Robert K. Triest. 2003. Job Creation, Job Destruction, and International Competition. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.

ISBN

9780880992718 (pbk.) ; 9780880992725 (cloth)

Subject Areas

EMPLOYMENT and COMPENSATION; Job security; Dislocated workers; Job stability; GLOBAL ISSUES; Globalization; Trade issues; UNEMPLOYMENT, DISABILITY, and POVERTY; Unemployment insurance; Benefits and duration