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