Offshoring, firm-level adjustment and labor market outcomes

IF 1.9 3区 经济学 Q2 ECONOMICS
Zhe (Jasmine) Jiang
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引用次数: 0

Abstract

This paper studies how the China shock affects unemployment rates and wage inequality across high-skilled and low-skilled workers in the United States, with particular emphasis on the dynamic and general equilibrium channels of firms' production locations and entry decisions. To shed light on the subject, I build a two-country trade-in-task model with firm heterogeneity, search-and-matching labor market frictions, and firms' endogenous selections into entry and offshoring. The model, consistent with evidence from vector autoregression analyses, uncovers important dynamics with implications for the impact of the China shock on U.S. worker inequality. Namely, it shows association between a decrease in offshoring costs and a short-lived increase in low-skilled unemployment in the source country, a longer-term decline in high-skilled unemployment, a transient expansion of the wage gap between high- and low-skilled workers, and an increase in firm entry.

离岸外包、公司层面的调整和劳动力市场的结果
本文研究了中国冲击如何影响美国高技能和低技能工人的失业率和工资不平等,特别强调了企业生产地点和进入决策的动态和一般均衡渠道。为了阐明这一主题,我建立了一个两国任务贸易模型,其中包含企业异质性、搜索匹配劳动力市场摩擦以及企业对进入和离岸外包的内生选择。该模型与向量自回归分析的证据一致,揭示了中国冲击对美国工人不平等影响的重要动态。也就是说,模型显示了离岸外包成本下降与来源国低技能失业率短期上升、高技能失业率长期下降、高低技能工人工资差距短暂扩大以及企业进入增加之间的关联。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.10
自引率
10.50%
发文量
199
期刊介绍: The journal provides an outlet for publication of research concerning all theoretical and empirical aspects of economic dynamics and control as well as the development and use of computational methods in economics and finance. Contributions regarding computational methods may include, but are not restricted to, artificial intelligence, databases, decision support systems, genetic algorithms, modelling languages, neural networks, numerical algorithms for optimization, control and equilibria, parallel computing and qualitative reasoning.
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