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The Labor Market Effects of Offshoring by U.S. Multinational Firms / Brian K. Kovak, Lindsay Oldenski, Nicholas Sly.
- Format:
- Book
- Author/Creator:
- Kovak, Brian K.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w23947.
- NBER working paper series no. w23947
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- 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 percent increase in affiliate employment drives a 1.3 percent 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 non-multinationals in the same industry, and firms opening new affiliates exhibit smaller domestic employment growth than those expanding existing affiliates.
- Notes:
- Print version record
- October 2017.
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