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Board of Governors of the Federal Reserve System (US)
Finance and Economics Discussion Series
New Perspectives on the Decline of U.S. Manufacturing Employment
Teresa C. Fort
Justin R. Pierce
Peter K. Schott
Abstract

We use relatively unexplored dimensions of US microdata to examine how US manufacturing employment has evolved across industries, firms, establishments, and regions from 1977 to 2012. We show that these data provide support for both trade- and technology-based explanations of the overall decline of employment over this period, while also highlighting the difficulties of estimating an overall contribution for each mechanism. Toward that end, we discuss how further analysis of these trends might yield sharper insights.


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Teresa C. Fort & Justin R. Pierce & Peter K. Schott, New Perspectives on the Decline of U.S. Manufacturing Employment, Board of Governors of the Federal Reserve System (US), Finance and Economics Discussion Series 2018-023, 13 Apr 2018.
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Keywords: Employment ; Manufacturing ; Output ; Technology ; Trade
DOI: 10.17016/FEDS.2018.023
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