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Exchange Rates and Local Labor Markets / Linda Goldberg, Joseph Tracy.
- Format:
- Book
- Author/Creator:
- Goldberg, Linda.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6985.
- NBER working paper series no. w6985
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1999.
- Summary:
- We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance and size of these dollar-induced effects vary considerably across industries and are more pronounced in some U.S. regions. In addition to the importance of exchange rate shocks, we confirm prior research results showing that relatively strong local conditions drive up wage in local industries, while anticipated future (positive) local shocks reduce current wages.
- Notes:
- Print version record
- February 1999.
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