2023-09-28 14:46:10 +00:00
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abstract: 'China''s emergence as a great economic power has induced an epochal shift
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in patterns of world trade. Simultaneously, it has challenged much of
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the received empirical wisdom about how labor markets adjust to trade
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shocks. Alongside the heralded consumer benefits of expanded trade are
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substantial adjustment costs and distributional consequences. These
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impacts are most visible in the local labor markets in which the
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industries exposed to foreign competition are concentrated. Adjustment
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in local labor markets is remarkably slow, with wages and labor-force
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participation rates remaining depressed and unemployment rates remaining
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elevated for at least a full decade after the China trade shock
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commences. Exposed workers experience greater job churning and reduced
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lifetime income. At the national level, employment has fallen in the US
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industries more exposed to import competition, as expected, but
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offsetting employment gains in other industries have yet to materialize.
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Better understanding when and where trade is costly, and how and why it
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may be beneficial, is a key item on the research agenda for trade and
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labor economists.'
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affiliation: 'Autor, DH (Corresponding Author), MIT, Dept Econ, Cambridge, MA 02142
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USA.
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Autor, DH (Corresponding Author), Natl Bur Econ Res, Cambridge, MA 02138 USA.
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Autor, David H., MIT, Dept Econ, Cambridge, MA 02142 USA.
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Autor, David H., Natl Bur Econ Res, Cambridge, MA 02138 USA.
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Dorn, David, Univ Zurich, Dept Econ, CH-8001 Zurich, Switzerland.
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Dorn, David, Ctr Econ \& Policy Res, London EC1V 0DX, England.
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Hanson, Gordon H., Univ Calif San Diego, Sch Global Policy \& Strategy, La Jolla,
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CA 92093 USA.'
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author: Autor, David H. and Dorn, David and Hanson, Gordon H.
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author-email: 'dautor@mit.edu
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david.dorn@econ.uzh.ch
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gohanson@ucsd.edu'
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author_list:
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- family: Autor
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given: David H.
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- family: Dorn
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given: David
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- family: Hanson
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given: Gordon H.
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booktitle: ANNUAL REVIEW OF ECONOMICS, VOL 8
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da: '2023-09-28'
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doi: 10.1146/annurev-economics-080315-015041
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editor: Aghion, P and Rey, H
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esi-highly-cited-paper: Y
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esi-hot-paper: N
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files: []
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isbn: 978-0-8243-4608-9
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issn: 1941-1383
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keywords: globalization; labor-market adjustment; local labor markets; inequality
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keywords-plus: 'LOW-WAGE COUNTRIES; IMPORT COMPETITION; UNITED-STATES;
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TECHNOLOGICAL-CHANGE; INDUSTRY DYNAMICS; GLOBAL ECONOMY; IMPACT;
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INEQUALITY; GROWTH; LIBERALIZATION'
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language: English
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number-of-cited-references: '113'
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orcid-numbers: Dorn, David/0000-0002-1827-4734
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pages: 205-240
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papis_id: 92870a7a35a2c1a431a70d4fd4b01995
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ref: Autor2016chinashock
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series: Annual Review of Economics
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times-cited: '389'
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title: 'The China Shock: Learning from Labor-Market Adjustment to Large Changes in
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Trade'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000389577500008
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usage-count-last-180-days: '18'
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usage-count-since-2013: '207'
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volume: '8'
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web-of-science-categories: Economics
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year: '2016'
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