Surprisingly Swift Decline of U.S. Manufacturing Employment

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By Justin R. Pierce (au); Peter K. Schott (au)
Year: 2013
Pages: 55
Binding Paperback
ISBN 978-1-4578-5337-1

Product Code: 145785337X

Description

This study finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment losses along with larger increases in the value of imports from China and the number of firms engaged in China-U.S. trade. These results are robust to other potential explanations of the employment loss, and the authors show that the U.S. employment trends differ from those in the European Union (E.U.), where there was no change in policy. Tables and figures. This is a print on demand report.

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