The China Syndrome


Book Description

We analyze the effect of rising Chinese import competition between 1990 and 2007 on local U.S. labor markets, exploiting cross-market variation in import exposure stemming from initial differences in industry specialization while instrumenting for imports using changes in Chinese imports by industry to other high-income countries. Rising exposure increases unemployment, lowers labor force participation, and reduces wages in local labor markets. Conservatively, it explains one-quarter of the contemporaneous aggregate decline in U.S. manufacturing employment. Transfer benefits payments for unemployment, disability, retirement, and healthcare also rise sharply in exposed labor markets. Keywords: Trade Flows, Import Competition, Local Labor Markets, China. JEL Classification: F16, H53, J23, J31.







The Other China Syndrome


Book Description

Export-led growth strategy has been demonstrated to be a viable path for economic development as evidenced by the East Asian “miracle.” But what is the influence of such viability on educational attainment? This paper attempts to answer this critical question by exploiting Chinese data of from 31 provinces from 1998 to 2015. Showing the positive effect of trade on economic development and education, the findings of this paper suggest that export expansion has significantly negative consequences for the high school enrollment rate, especially in unequal provinces, after China's accession to the WTO and during the global financial crisis. The adverse effect is robust, and the seemingly small effect can be enlarged given the population size: a 10% increase in exports value lowers high school enrollment by 15%~20%. The results imply that policymakers need to take the potential effects of trade on education into consideration when designing trade policies. In addition, in connection with the classic literature on Chinese import competition in the U.S. labor market (China Syndrome), this paper provides the other side of the picture by presenting how the Chinese export boom affects its own domestic labor market.




Inequality and the Labor Market


Book Description

Exploring a new agenda to improve outcomes for American workers As the United States continues to struggle with the impact of the devastating COVID-19 recession, policymakers have an opportunity to redress the competition problems in our labor markets. Making the right policy choices, however, requires a deep understanding of long-term, multidimensional problems. That will be solved only by looking to the failures and unrealized opportunities in anti-trust and labor law. For decades, competition in the U.S. labor market has declined, with the result that American workers have experienced slow wage growth and diminishing job quality. While sluggish productivity growth, rising globalization, and declining union representation are traditionally cited as factors for this historic imbalance in economic power, weak competition in the labor market is increasingly being recognized as a factor as well. This book by noted experts frames the legal and economic consequences of this imbalance and presents a series of urgently needed reforms of both labor and anti-trust laws to improve outcomes for American workers. These include higher wages, safer workplaces, increased ability to report labor violations, greater mobility, more opportunities for workers to build power, and overall better labor protections. Inequality in the Labor Market will interest anyone who cares about building a progressive economic agenda or who has a marked interest in labor policy. It also will appeal to anyone hoping to influence or anticipate the much-needed progressive agenda for the United States. The book's unusual scope provides prescriptions that, as Nobel Laureate Joseph Stiglitz notes in the introduction, map a path for rebalancing power, not just in our economy but in our democracy.




The Economics of Imperfect Labor Markets, Third Edition


Book Description

The leading textbook on imperfect labor markets and the institutions that affect them—now completely updated and expanded Today's labor markets are witnessing seismic changes brought on by such factors as rising self-employment, temporary employment, zero-hour contracts, and the growth of the sharing economy. This fully updated and revised third edition of The Economics of Imperfect Labor Markets reflects these and other critical changes in imperfect labor markets, and it has been significantly expanded to discuss topics such as workplace safety, regulations on self-employment, and disability and absence from work. This new edition also features engaging case studies that illustrate key aspects of imperfect labor markets. Authoritative and accessible, this textbook examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, family policies, equal opportunity legislation, collective bargaining, early retirement programs, and education and migration policies. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are being transformed today. Fully updated to reflect today's changing labor markets Significantly expanded to discuss a wealth of new topics, including the impact of the COVID-19 pandemic Features quantitative examples, new case studies, data sets that enable users to replicate results in the literature, technical appendixes, and end-of-chapter exercises Unique focus on institutions in imperfect labor markets Self-contained chapters cover each of the most important labor-market institutions Instructor's manual available to professors—now with new exercises and solutions




The Economics of Imperfect Labor Markets


Book Description

Most labor economics textbooks pay little attention to actual labor markets, taking as reference a perfectly competitive market in which losing a job is not a big deal. The Economics of Imperfect Labor Markets is the only textbook to focus on imperfect labor markets and to provide a systematic framework for analyzing how labor market institutions operate. This expanded, updated, and thoroughly revised second edition includes a new chapter on labor-market discrimination; quantitative examples; data and programming files enabling users to replicate key results of the literature; exercises at the end of each chapter; and expanded technical appendixes. The Economics of Imperfect Labor Markets examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working-time regulations, family policies, equal opportunity legislation, collective bargaining, early retirement programs, education and migration policies, payroll taxes, and employment-conditional incentives. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are today being changed by political and economic forces. Expanded, thoroughly revised second edition New chapter on labor-market discrimination New quantitative examples New data sets enabling users to replicate key results of the literature New end-of-chapter exercises Expanded technical appendixes Unique focus on institutions in imperfect labor markets Integrated framework and systematic coverage Self-contained chapters on each of the most important labor-market institutions




Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization


Book Description

The effective utilization of available resources is a pivotal factor for production levels in modern business environments. However, when resources are limited or in excess, this effects organizational success, as well as the labor market. The Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization is a comprehensive reference source for the latest scholarly research on the socio-economic dynamics of unemployment and the development of new policies to assist in regulating the global labor market. Highlighting innovative approaches and relevant perspectives, such as outsourcing, trade openness, and employment protection, this publication is ideally designed for policy makers, professionals, practitioners, graduate students, and academics interested in emerging trends for labor market development.




Lincoln’s Unfinished Work


Book Description

In his Gettysburg Address, Abraham Lincoln promised that the nation’s sacrifices during the Civil War would lead to a “new birth of freedom.” Lincoln’s Unfinished Work analyzes how the United States has attempted to realize—or subvert—that promise over the past century and a half. The volume is not solely about Lincoln, or the immediate unfinished work of Reconstruction, or the broader unfinished work of America coming to terms with its tangled history of race; it investigates all three topics. The book opens with an essay by Richard Carwardine, who explores Lincoln’s distinctive sense of humor. Later in the volume, Stephen Kantrowitz examines the limitations of Lincoln’s Native American policy, while James W. Loewen discusses how textbooks regularly downplay the sixteenth president’s antislavery convictions. Lawrence T. McDonnell looks at the role of poor Blacks and whites in the disintegration of the Confederacy. Eric Foner provides an overview of the Constitution-shattering impact of the Civil War amendments. Essays by J. William Harris and Jerald Podair examine the fate of Lincoln’s ideas about land distribution to freedpeople. Gregory P. Downs focuses on the structural limitations that Republicans faced in their efforts to control racist violence during Reconstruction. Adrienne Petty and Mark Schultz argue that Black land ownership in the post-Reconstruction South persisted at surprisingly high rates. Rhondda Robinson Thomas examines the role of convict labor in the construction of Clemson University, the site of the conference from which this book evolved. Other essays look at events in the twentieth and twenty-first centuries. Randall J. Stephens analyzes the political conservatism of white evangelical Christianity. Peter Eisenstadt uses the career of Jackie Robinson to explore the meanings of integration. Joshua Casmir Catalano and Briana Pocratsky examine the debased state of public history on the airwaves, particularly as purveyed by the History Channel. Gavin Wright rounds out the volume with a striking political and economic analysis of the collapse of the Democratic Party in the South. Taken together, the essays in this volume offer a far-reaching, thought-provoking exploration of the unfinished work of democracy, particularly as it pertains to the legacy of slavery and white supremacy in America.




The ANNALS of the American Academy of Political & Social Science: The Effects of the Great Recession


Book Description

The articles in this volume of The ANNALS, written largely by South Africans, explore the challenges facing contemporary South Africa. The authors suggest that improving governance through bold policies related to labor, education, security, and health care would uphold Mandela's legacy and move South Africa forward.