The Labor Market Effects of Offshoring by U.S. Multinational Firms

Autor:	Brian K. Kovak, Lindsay Oldenski, Nicholas Sly
Rok vydání:	2021
Předmět:	Economics and Econometrics Offshoring Multinational corporation Business International economics Social Sciences (miscellaneous)
Zdroj:	The Review of Economics and Statistics. 103:381-396
ISSN:	1530-9142 0034-6535
DOI:	10.1162/rest_a_00878
Popis:	We use firm-level data on U.S. multinationals to show how offshoring affects domestic employment within and across firms. We introduce a new instrument for offshoring, bilateral tax treaties, which reduce the cost of offshore activities. We find substantial heterogeneity in effects. A 10% increase in affiliate employment drives a 1.3% increase in employment at the U.S. parent firm, with smaller effects at the industry and regional levels. In contrast, offshoring by vertical multinationals drives declining employment among nonmultinationals in the same industry, and firms opening new affiliates exhibit smaller domestic employment growth than those expanding existing affiliates.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::85fae5990807be2bde3df1601649ba51 https://doi.org/10.1162/rest_a_00878 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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