Bardhan, Ashok and Tang, John (2006): Diversified Occupations, Offshoring and Labor Market Volatility.
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Are occupations that are well diversified across sectors less volatile and less susceptible to external shocks? Most external shocks, like manufacturing offshoring and oil shocks, impact the labor market along sectoral lines, i.e. they impact product and output markets; consequently, they affect employment in various occupations. Some shocks, however, like services offshoring, affect horizontals or occupations. We suggest a new approach to assess the vulnerability of jobs due to such shocks. We find that an occupation spread across multiple industries is less volatile in terms of numbers employed and the average wage. Including various measures of an occupation's offshorability does not affect the results; however, geographically clustered occupations seem more “at-risk,” after accounting for sectoral diversification.
|Item Type:||MPRA Paper|
|Institution:||University of California, Berkeley - Haas School of Business|
|Original Title:||Diversified Occupations, Offshoring and Labor Market Volatility|
|Keywords:||offshoring; external shocks; labor market volatility; occupations; diversification; geographic clusters|
|Subjects:||J - Labor and Demographic Economics > J2 - Demand and Supply of Labor
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers
F - International Economics > F2 - International Factor Movements and International Business
|Depositing User:||John Tang|
|Date Deposited:||15. Aug 2007|
|Last Modified:||14. Feb 2014 09:55|
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Available Versions of this Item
Occupational Diversification, Offshoring and Labor Market Volatility. (deposited 11. May 2007)
- Diversified Occupations, Offshoring and Labor Market Volatility. (deposited 15. Aug 2007) [Currently Displayed]