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2 edition of Job creation, job destruction, and the real exchange rate found in the catalog.

Job creation, job destruction, and the real exchange rate

Michael W. Klein

Job creation, job destruction, and the real exchange rate

by Michael W. Klein

  • 332 Want to read
  • 4 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Job creation -- United States -- Effect of foreign exchange rates on.,
  • Manufacturing industries -- United States -- Effect of foreign exchange rates on.,
  • Foreign exchange rates -- United States.,
  • Labor market -- United States -- Effect of foreign exchange rates on.,
  • Foreign trade regulation -- United States.

  • Edition Notes

    StatementMichael W. Klein, Scott Schuh, Robert W. Triest.
    SeriesNBER working paper series -- no. 7466, Working paper series (National Bureau of Economic Research) -- working paper no. 7466.
    ContributionsSchuh, Scott., Triest, Robert K., National Bureau of Economic Research.
    The Physical Object
    Pagination33 p. :
    Number of Pages33
    ID Numbers
    Open LibraryOL22393840M

    Job creation and entry wages.-The final set of results presented is that obtained when I use an interaction term between job creation/ destruction and an indicator variable (entry) equal to one when a particular wage is an entry wage This means that the effect of job creation/destruction and worker reallocation on entry wages is equal to the.   The job destruction process is shown to have more volatile dynamics than the job creation process. In simulations we show that an aggregate shock process proxies reasonably well the cyclical behaviour of job creation and job destruction in the United by:

    The job mix component of both job creation and destruction are concentrated among non-production activities and managerial positions. 4. We interpret these results as evidence that organizational change should be considered as one of the most relevant underlying causes of the employment movements reflected by job creation and job destruction.   If the value created by a job decreases too much, then the firm or the worker may choose to end the relationship, either by the worker’s choice (quitting the job) or the firm’s (firing the worker). This is “job destruction.” Jobs are created and destroyed all the time in the economy.

      For example, net growth between September and December was percent. This reflected a job creation rate of percent and a job destruction rate of percent. Thus, these figures indicate that slightly more than 1 in 7 jobs were either created or destroyed in three months. First, the Canadian and United States industry-level job creation and destruction rates are remarkably similar. Industries with high (low) job creation in the U.S. exhibit high (low) job creation in Canada. The same is true for job destruction. In addition, the overall magnitude of gross job Cited by:


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Job creation, job destruction, and the real exchange rate by Michael W. Klein Download PDF EPUB FB2

The rates of job creation and job destruction for an entire industry can and the real exchange rate book calculated as the weighted average of the rates of job creation and job destruction for the establishments in that industry. Call the set of establishments that expand employment in a given period M+ and those that contract employment M−.Cited by: This paper takes a step toward identifying trade-related adjustment costs by estimating the effects of real exchange rates on labor reallocation using a new model of gross job creation and destruction applied to detailed U.S.

manufacturing industries between and Cited by: Job Creation, Job Destruction, and the Real Exchange Rate Michael W. Klein, Scott Schuh, Robert K. Triest. NBER Working Paper No. Issued in January NBER Program(s):International Finance and Macroeconomics This paper contributes to an understanding of internationally Job creation adjustment costs by demonstrating a statistically significant and economically relevant effect of the real Cited by: Job Creation, Job Destruction and the Real Exchange Rate Article in Journal of International Economics 59(2) January with 97 Reads How we measure 'reads'.

Job creation, job destruction, and the real exchange rate. Cambridge, MA: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Michael W Klein; Scott Schuh; Robert K Triest; National Bureau of Economic Research.

Revised article forthcoming in Journal of International Economics. This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S.

manufacturing industries over the period to Movements in trend real exchange rates significantly affect both job creation and destruction in the same direction by similar magnitudes, thus they 1 For studies on exchange rates, see Grossman (), Branson and Love (), Revenga ().

BibTeX @ARTICLE{Klein02jobcreation, author = {Michael W. Klein and Scott Schuh and Robert K. Triest}, title = {Job Creation, Job Destruction and the Real Exchange Rate}, journal = {Journal of International Economics}, year = {}, pages = {}}.

Abstract. This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S.

manufacturing industries over the period to Downloadable (with restrictions). This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S.

manufacturing industries over the period to The responsiveness of these gross job flows to the real exchange rate. Downloadable. This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S.

manufacturing industries over the period to The responsiveness of these gross job flows to the real exchange rate reflects pervasive. Get this from a library. Job creation, job destruction, and the real exchange rate. [Michael W Klein; Scott Schuh; Robert K Triest]. of real exchange rates and international trade on employment.

The survey provides a context for the research we present later in this book. Our research on the influence of international factors on gross job flows is directly related to, and an extension of, previous studies of employment dynamics.

However, as discussed in this chapter, the. Finally, the impact of international factors such as real exchange rates on job creation and destruction may differ for reason related to labor market structure or the nature of the international.

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 Cited by:   Despite a year of market volatility exacerbated by concerns of a softening economy and decelerating global growth, U.S.

employers added million jobs in Author: Megan Henney. 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 to and develops a statistical.

creation of jobs has been a challenge globally, but especially in South Africa. Unemployment rates in South Africa have escalated to a new peak of percent (StatsSA, ), c compared to a global average of percent in (CIA World Fact Book, ).

SouthFile Size: KB. Gross Job Flows and the Real Exchange Rate—Job Creation 40 (–) Gross Job Flows and the Real Exchange Rate—Job Destruction 40 (–) Gross Job Flows and the Real Exchange Rate—Job Reallocation 41 (–) Gross Job Flows and the Real Exchange Rate—Net Employment 41 Growth (–)Cited by:   This paper is chapter 4 in our monograph, Job Creation, Job Destruction, and International Competition (W.E.

Upjohn Institute for Employment Research, ). The chapter, which expands on the ideas advanced in Klein, Schuh, and Triest (), provides an extensive review of the literature that studies the connection between international factors, such as real exchange rates and.

Many more jobs are destroyed, but many more jobs also are created, than is apparent from the change in total employment. In fact, even when changes in international factors seem to have no effect on total employment at all, these chan ges are linked to greater job creation and destruction.

The turnover of jobs via greater creation and.This item: Job Creation: How It Really Works and Why Government Doesn't Understand It (Job Creation USA, Volume by David Newton Paperback $ Ships from and sold by Gray&Nash. The Capitalist Comeback: The Trump Boom and the Left's Plot to Stop It by Andrew Puzder Hardcover $/5(15).Effects of tariffs and real exchange rates on job reallocation: evidence from Latin America Full Article harmonized measures on job creation and destruction for a number of countries in Latin America.

We find a robust pattern showing that reductions in tariffs and exchange rate appreciations increase the pace of job reallocation within Cited by: