The Politics and Economics of Offshore Outsourcing / N. Gregory Mankiw, Phillip Swagel.

Format:

Book

Author/Creator:

Mankiw, N. Gregory.

Contributor:

National Bureau of Economic Research.

Swagel, Phillip.

Series:

Working Paper Series (National Bureau of Economic Research) no. w12398.

NBER working paper series no. w12398

Language:

English

Subjects (All):

Contracting out--United States.

Contracting out.

Computer simulation.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2006.

Cambridge : National Bureau of Economic Research, 2006.

Summary:

This paper reviews the political uproar over offshore outsourcing connected with the release of the Economic Report of the President (ERP) in February 2004, examines the differing ways in which economists and non-economists talk about offshore outsourcing, and assesses the empirical evidence on the importance of offshore outsourcing in accounting for the weak labor market from 2001 to 2004. Even with important gaps in the data, the empirical literature is able to conclude that offshore outsourcing is unlikely to have accounted for a meaningful part of the job losses in the recent downturn or contributed much to the slow labor market rebound. The empirical evidence to date, while still tentative, actually suggests that increased employment in the overseas affiliates of U.S. multinationals is associated with more employment in the U.S. parent rather than less.

Notes:

Print version record

July 2006.