Occupational Diversification, Offshoring and Labor Market Volatility

Ashok Bardhan and John Tang

MPRA Paper from University Library of Munich, Germany

Abstract: Are occupations that are well diversified across sectors less volatile, and less susceptible to external shocks? Most external shocks (e.g. manufacturing offshoring, 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 find that an occupation spread across many industrial sectors is less volatile in terms of numbers employed and the average wage. A dummy variable for offshoreable occupations does not affect the results; however, geographically clustered occupations seem more “at-risk,” after accounting for sectoral diversification.

Keywords: offshoring; external shocks; labor market volatility; occupations; diversification; geographic clusters (search for similar items in EconPapers)
JEL-codes: F2 J2 J6 (search for similar items in EconPapers)
Date: 2006-10-01
New Economics Papers: this item is included in nep-bec and nep-lab
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https://mpra.ub.uni-muenchen.de/3168/1/MPRA_paper_3168.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/4474/1/MPRA_paper_4474.pdf revised version (application/pdf)

Related works:
Journal Article: What Kind of Job is Safer? A Note on Occupational Vulnerability (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:3168

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