Offshoring, economic insecurity, and the demand for social insurance

Richard Anderson () and Charles Gascon

No 2008-003, Working Papers from Federal Reserve Bank of St. Louis

Abstract: The fear of offshoring, particularly in services since 2000, has raised workers economic insecurity and heightened concerns over future economic globalization. Many have argued that globalization has exacerbated labor market turbulence increasing the demand for social insurance programs. The authors present a simple theoretical model establishing a connection between the threat of offshoring, economic insecurity, and the demand for social insurance. Data from the 1972-2006 General Social Survey to provides supporting empirical evidence.

Keywords: Globalization; International economic integration (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-ias, nep-lab and nep-pol
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Citations: View citations in EconPapers (2)

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