Import Competition and the Great U.S. Employment Sag of the 2000s
60 Pages Posted: 29 Jun 2015
There are 5 versions of this paper
Import Competition and the Great U.S. Employment Sag of the 2000s
Import Competition and the Great U.S. Employment Sag of the 2000s
Import Competition and the Great U.S. Employment Sag of the 2000s
Import Competition and the Great U.S. Employment Sag of the 2000s
Date Written: June 2015
Abstract
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major force behind both recent reductions in U.S. manufacturing employment and-through input-output linkages and other general equilibrium channels-weak overall U.S. job growth. Our central estimates suggest job losses from rising Chinese import competition over 1999 through 2011 in the range of 2.0 to 2.4 million.
Keywords: labor demand, trade flows
JEL Classification: F16, J21
Suggested Citation: Suggested Citation