Department of Economics
Institutional Affiliation: Tsinghua University
NBER Working Papers and Publications
|November 2019||Magnification of the ‘China Shock’ Through the U.S. Housing Market|
with Hong Ma, Robert C. Feenstra: w26432
The ‘China shock’ operated in part through the housing market, and that is an important reason why the China shock was as big as it was. If housing prices had not responded at all to the China shock, then the total employment effect of the China shock would have been reduced by more than one-half. Housing prices in the United States did respond to the China shock, however, so the independent employment effect of the China shock is reduced by about 20–30%, with that remainder reflecting exogenous changes in housing prices.
|November 2017||US Exports and Employment|
with Robert C. Feenstra, Hong Ma: w24056
We examine the employment responses to import competition from China and to global export expansion from the United States, both of which have been expanding strongly during the past decades. We find that although Chinese imports reduce jobs, at both the industry level and the local commuting zone level, the global export expansion of US products also creates a considerable number of jobs. On balance over the entire 1991-2007 period, job gains due to changes in US global exports were slightly less than job losses due to Chinese imports. Using data at both the industry level and the commuting zone level, we find a net loss of around 0.2-0.3 million jobs. When we extend the analysis to 1991-2011, we find the net job effect of import and export exposure is roughly balanced at the commuting zo...
Published: Robert C. Feenstra & Hong Ma & Yuan Xu, 2019. "US Exports and Employment," Journal of International Economics, . citation courtesy of
|October 2017||U.S. Exports and Employment|
with Robert C. Feenstra, Hong Ma
in Trade and Labor Markets, Gordon H. Hanson and Stephen J. Redding, organizers