Working Paper
Importing, exporting and firm-level employment volatility
Senses, Mine Z.; Kurz, Christopher J. (2013)
In this paper, we use detailed trade and transactions data for the U.S. manufacturing sector to empirically analyze the direction and magnitude of the association between firm-level exposure to trade and the volatility of employment growth. We find that, relative to purely domestic firms, firms that only export and firms that both export and import are less volatile, whereas firms that only import are more volatile. The positive relationship between importing and volatility is driven mainly by firms that switch in and out of importing. We also document a significant degree of heterogeneity ...
Finance and Economics Discussion Series , Paper 2013-44