Focusing on the US manufacturing sector from 1972 to 1988, this study addresses the employer rather than worker side of the process, with attention to the relationship between job creation and destruction and employer characteristics. The picture that emerges is one of large, persistent, and highly concentrated gross job creation and destruction, with job destruction dominating the cyclical features of aggregate employment. Annotation c. by Book News, Inc., Portland, Or.

Job Creation and Destruction

Business & Money

Davis, Steven J.

Haltiwanger, John C.

Schuh, Scott

Human Resources

Mit Pr

The authors describe in detail those characteristics that destroy andcreate jobs over time (including industry of origin, wage payments,international trade exposure, factor intensity, size, age, andproductivity performance), while also providing a broader measure ofthe process that will be directly relevant to macroeconomists andpolicymakers.
Job Creation and Destruction is the culmination of a long, ongoing research program at the Center for Economic Studies. Using the most complete plant- level data source currently available―the Longitudinal Research Data constructed by the Census Bureau―it focuses on the U.S. manufacturing sector from 1972 to 1988 and develops a statistical portrait of the microeconomic adjustments to the many economic events that affect businesses and workers. The picture that emerges is one of large, persistent, and highly concentrated gross job flows, with job destruction dominating the cyclical feaures of net job flows. The authors describe in detail those characteristics that destroy and create jobs over time (including industry of origin, wage payments, international trade exposure, factor intensity, size, age, and productivity performance), while also providing a broader measure of the process that will be directly relevant to macroeconomists and policymakers.

Economics

Job Creation, Job Destruction, and International Competition

Klein, Schuh, and Triest explore how fluctuations in exchange rates, overseas economic activity, and the relaxation of trade restrictions (such as NAFTA) contribute to the simultaneous creation and destruction of jobs within the American economy. They find these "gross job flows" vary greatly across industries and even among firms within industries. Klein, Schuh, and Triest conclude that although the openness to international trade and other international factors expose some workers to significantly greater risk than is often acknowledged by economists and trade policy analysts, globalization improves our overall economic performance and efficiency. The authors advocate policies that target workers dislocated by trade, rather than policies, such as tariffs, that endeavor to protect workers by protecting industries.

Klein, Michael W.

Triest, Robert K.

Job Hunting & Careers

W E Upjohn Inst for

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