Exchange Rates and Local Labor Markets

Linda Goldberg and Joseph Tracy

No 6985, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: F3 F31 (search for similar items in EconPapers)
Date: 1999-02
Note: ITI LS
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Citations: View citations in EconPapers (15)

Published as The Impact of International Trade On Wages, Feenstra, Robert, ed.: Chicago: The University of Chicago Press and NBER, 2000.
Published as Exchange Rates and Local Labor Markets , Linda Goldberg, Joseph Tracy. in The Impact of International Trade on Wages , Feenstra. 2000

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Chapter: Exchange Rates and Local Labor Markets (2000)
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