WorldCat Identities

Slaughter, Matthew J. (Matthew Jon)

Overview
Works: 106 works in 534 publications in 1 language and 8,428 library holdings
Genres: Conference papers and proceedings  History 
Roles: Author, Redactor, Editor
Classifications: HB1, 330
Publication Timeline
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Most widely held works by Matthew J Slaughter
International trade in services and intangibles in the era of globalization by Conference on Research in Income and Wealth( )

10 editions published in 2009 in English and held by 1,640 WorldCat member libraries worldwide

Quantitative measures of international exchange have historically focused on trade in tangible products or capital. However, services have recently become a larger portion of developed economies and international trade, and will only increase in the future. In International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter examine new and emerging patterns of trade, especially the growing importance of transactions involving services or intangible assets such as intellectual property. A distinguished team of contri
U.S. Trade and Investment Policy by Council on Foreign Relations( )

9 editions published in 2011 in English and held by 1,388 WorldCat member libraries worldwide

One of the most effective ways to create good new jobs and reverse the income decline of the past decade is for the United States to "become a thriving trading nation," concludes a Council on Foreign Relations (CFR)-sponsored Independent Task Force report on U.S. Trade and Investment Policy. The report calls for the Obama administration and Congress to "adopt a pro-America trade policy that brings to more Americans more of the benefits of global engagement, within the framework of a strengthened, rules-based trading system." The growth of global trade and investment has brought significant benefits to the United States and to the rest of the world. But U.S. leadership on international trade has waned in recent years because of deep domestic political divisions over trade policy that arise largely from the very real economic difficulties too many Americans face, acknowledges the Task Force. The Task Force warns that the political stalemate "has already harmed U.S. interests and will do more if it remains unresolved. Unless the United States develops and sustains a trade policy that yields greater benefits for Americans in job and wage growth, it will be difficult to build the political consensus needed to move forward," says the report
Does globalization lower wages and export jobs? by Matthew J Slaughter( )

17 editions published between 1997 and 2004 in English and held by 1,174 WorldCat member libraries worldwide

There is no doubt that globalization has coincided with higher unemployment among the less skilled and with widening income inequality. But did it cause these phenomena, as many claim, or should we look to other factors, such as advances in technology?
Globalization and the perceptions of American Workers by Kenneth F Scheve( Book )

7 editions published between 2000 and 2001 in English and held by 299 WorldCat member libraries worldwide

The life cycle of a minority-owned business : implications for the American economy by Andrew B Bernard( )

2 editions published in 2004 in English and held by 252 WorldCat member libraries worldwide

Trade, technology and U.K. wage inequality by Jonathan Haskel( Book )

27 editions published in 1999 in English and held by 148 WorldCat member libraries worldwide

The U.K. skill premium fell from the 1950s to the late 1970s and then rose very sharply. This paper examines the contributions to these relative wage movements of international trade and technical change. We first measure trade as changes in product prices and technical change as TFP growth. Then we relate price and TFP changes to a set of underlying factors. Among a number of results, we find that changes in prices, not TFP, were the major force behind the rise in inequality in the 1980s. We also find that although increased trade pressure has raised technical change, its effect on wage inequality was not quantitatively significant
Does the sector bias of skill-biased technical change explain changing wage inequality? by Jonathan Haskel( Book )

23 editions published in 1998 in English and held by 141 WorldCat member libraries worldwide

This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's effect on relative factor prices, not its factor bias. Thus, rising (falling) skill premia are caused by more extensive sbtc in skill-intensive (unskill-intensive) sectors. Second, we test the sector-bias hypothesis using industry data for many countries in recent decades. An initial consistency check strongly supports the hypothesis. Among ten countries we find a strong correlation between changes in skill premia and the sector bias of sbtc during the 1970s and 1980s. The hypothesis is also strongly supported by more structural estimation on U.S. and U.K. data of the economy-wide wage changes mandated' to maintain zero profits in all sectors in response to the sector bias of sbtc. The suggestive mandated-wage estimates match the direction of actual wage changes in both countries during both the 1970s and the 1980s. Thus, the empirical evidence strongly suggests that the sector bias of sbtc can help explain changing skill premia
Does inward foreign direct investment boost the productivity of domestic firms? by Jonathan Haskel( Book )

23 editions published in 2002 in English and held by 136 WorldCat member libraries worldwide

Are there productivity spillovers from FDI to domestic firms, and, if so, how much should host countries be willing to pay to attract FDI? To examine these questions we use a plant-level panel covering U.K. manufacturing from 1973 through 1992. Across a wide range of specifications, we estimate a significantly positive correlation between a domestic plant's TFP and the foreign-affiliate share of activity in that plant's industry. This is consistent with positive FDI spillovers. We do not generally find significant effects on plant TFP of the foreign-affiliate share of activity in that plant's region. Typical estimates suggest that a 10 percentage-point increase in foreign presence in a U.K. industry raises the TFP of that industry's domestic plants by about 0.5 percent. We also use these estimates to calculate the per-job value of these spillovers. These calculated values appear to be less than per-job incentives governments have granted in recent high-profile cases, in some cases several times less
International rent sharing in multinational firms by John W Budd( Book )

20 editions published in 2002 in English and held by 129 WorldCat member libraries worldwide

We use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyze whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond to both affiliate and parent profitability. The elasticity of affiliate wages to parent profits per worker is approximately 0.03, which can explain over 20 percent of the observed variation in affiliate wages. These results reveal a previously ignored aspect of labor-market rent sharing. They also reveal an important micro-level linkage with potential macro-level implications. International rent sharing can transmit economic conditions across national borders, and can thereby provide an implicit cross-country risk-sharing mechanism
What determines individual trade policy preferences? by Kenneth F Scheve( Book )

14 editions published in 1998 in English and held by 124 WorldCat member libraries worldwide

This paper provides new evidence on the determinants of individual trade policy preferences using an individual-level data set identifying both stated trade policy preferences and potential trade exposure through several channels for the United States in 1992. There are two main empirical results. First, we find that factor type dominates industry of employment in explaining support for trade barriers. This result is consistent with a Heckscher-Ohlin model of the United States in which the country is well endowed with skilled labor relative to the rest of the world. The result suggests that there is high intersectoral labor mobility in the United States over the time horizons relevant to individuals when evaluating trade policy. Second, we find that home ownership also matters for individuals' trade policy preferences. Independent of factor type, home ownership in counties with a manufacturing mix concentrated in comparative disadvantage industries is strongly correlated with support for trade barriers. This finding suggests that in addition to current factor incomes driving preferences as in standard trade models, in reality preferences also depend on asset values. To the extent that trade policy is like other government policies which affect citizens by changing relative product prices, our findings have implications for how individuals form preferences over a wide range of economic policies
International trade and per capita income convergence : a difference-in-differences analysis by Matthew J Slaughter( Book )

15 editions published in 1998 in English and held by 123 WorldCat member libraries worldwide

In this paper I analyze whether international trade contributes to per capita income convergence across countries. The analysis focuses on four important post-1945 multilateral trade liberalizations. To identify trade's effect on income dispersion, in each case I use a difference-in-differences' approach which compares the convergence pattern among the liberalizing countries before and after liberalization with the convergence pattern among randomly chosen control countries before and after liberalization. My main empirical result is that trade liberalization did not trigger convergence in any of the four cases. If anything, trade seems to have caused income divergence
Labor-market competition and individual preferences over immigration policy by Kenneth F Scheve( Book )

14 editions published in 1999 in English and held by 123 WorldCat member libraries worldwide

This paper uses an individual-level data set to analyze the determinants of individual preferences over immigration policy in the United States. In particular, we test for a link from individual skill levels to stated immigration-policy preferences. Different economic models make contrasting predictions about the nature of this link. We have two main empirical results. First, less-skilled workers are significantly more likely to prefer limiting immigrant inflows into the United States. The result is robust to several different econometric specifications which account for determinants of policy preferences other than skills. Our finding suggests that over time horizons relevant to individuals when evaluating immigration policy, individuals thank that the U.S. economy absorbs immigrant inflows at least partly by changing wages. These preferences are consistent with a multi-cone' Heckscher Ohlin trade model and with a factor-proportions-analysis labor model. Second that less-skilled workers in high-immigration communities are especially anti-immigrationist. If anything, our evidence suggests attenuation of the skills-preferences correlation in high-immigration communities. These preferences are inconsistent with an area-analysis labor model
The Rybczynski theorem, factor-price equalization, and immigration : evidence from U.S. states by Gordon H Hanson( Book )

16 editions published in 1999 in English and held by 122 WorldCat member libraries worldwide

Abstract: Recent literature on the labor-market effects of U.S. immigration tends to find little correlation between regional immigrant inflows and changes in relative regional wages. In this paper we examine whether immigration, or endowment shocks more generally, altered U.S. regional output mixes as predicted by the Rybczynski Theorem of Heckscher-Ohlin (HO) trade theory. This theorem describes how regions can absorb endowment shocks via changes in output mix without any changes in relative regional factor prices. Treating U.S. states as HO regions, we search for evidence of regional output-mix effects using a new data set that combines state endowments, outputs, and employment in 1980 and 1990. We have two main findings. First, state output-mix changes broadly match state endowment changes. Second, variation in state unit factor requirements is consistent with relative factor-price equalization (FPE) across states, which is a sufficient condition for our output-mix hypothesis to hold. Overall, these findings suggest that states absorb regional endowment shocks through mechanisms other than changes in relative regional factor prices
What are the results of product-price studies and what can we learn from their differences? by Matthew J Slaughter( )

14 editions published in 1998 in English and held by 119 WorldCat member libraries worldwide

In recent years many economists have analyzed whether international trade has contributed to rising U.S. wage inequality by changing relative product prices. In this paper I survey the findings of nine product-price' studies which together demonstrate how the methodology of product-price studies has evolved. I then synthesize the findings of these nine studies and draw two main conclusions. The first conclusion is that this literature has a refined set of empirical strategies for applying the Stolper-Samuelson theorem to the data from which important methodological lessons can be learned. The second main conclusion is that despite the methodological progress that has been made, research to date still has fundamental limitations regarding the key question of how much international trade has contributed to rising wage inequality. Most importantly, more work needs to link exogenous forces attributable to international trade to actual product-price changes
Multinational corporations, outsourcing, and American wage divergence by Matthew J Slaughter( Book )

12 editions published in 1995 in English and held by 116 WorldCat member libraries worldwide

Abstract: Many economists studying America's wage divergence in the 1980's have concluded that its primary cause was a within-industry shift in relative labor demand toward the more-skilled. Following the modeling framework and empirical methods developed in Slaughter (1993), in this paper I try to determine the extent to which outsourcing by multinational corporations contributed to this labor-demand shift. To do this, I use data from the Bureau of Economic Analysis (BEA) on U.S. manufacturing multinationals in the 1980's. My main finding is that the data are inconsistent with U.S. multinationals having outsourced heavily in the 1980's. First, I construct a set of stylized facts about the employment, investment, and production patterns of these firms. I find that most of these facts are inconsistent with widespread outsourcing. Second, to test more rigorously whether these firms substitute between U.S. and foreign production labor I estimate their factor-price elasticities of demand in a translog-cost-function specification. I find that home and foreign production labor at best seem to be weak price substitutes and in fact may be price complements. Taken together, these findings indicate that multinational outsourcing contributed very little to rising wage inequality
International trade and labor-demand elasticities by Matthew J Slaughter( Book )

13 editions published in 1997 in English and held by 116 WorldCat member libraries worldwide

Abstract: In this paper I try to determine whether international trade has been increasing the own-price elasticity of demand for U.S. labor in recent years. The empirial work yields three main results. First, from 1960 through 1990 demand for U.S. production labor became more elastic in manufacturing overall and in five of eight industries within manufacturing. Second, during this time U.S. nonproduction-labor demand did not become more elastic in manufacturing overall or in any of the 8 industries within manufacturing. If anything, demand seems to be growing less elastic over time. Third, the hypothesis that trade contributed to increased elasticities has mixed support at best. For production labor many trade variables have the predicted effect for specifications with only industry contols, but these predicted effects disappear when time controls are included as well. For nonproduction labor things are somewhat better, but time continues to be a very strong predictor of elasticity patterns. Thus the time series of labor-demand elasticities are explained largely by a residual, time itself. This result parallels the common finding in studies of rising wage inequality. Just as there appears to be a large unexplained residual for changing factor prices over time, there also appears to be a large unexplained residual for changing factor demand elasticities over time
Global FDI policy : correcting a protectionist drift by David Matthew Marchick( Book )

8 editions published in 2008 in English and held by 115 WorldCat member libraries worldwide

In the past three years, many countries have adopted or expanded regimes to review inward foreign direct investment (FDI) for either national or economic security purposes, reducing the quantity and quality of global FDI flows. The policy recommendations in this report aim to correct this protectionist drift by proposing guidelines for how countries can better regulate FDI yet still reap its economic benefits
Per capita income convergence and the role of international trade by Matthew J Slaughter( )

14 editions published in 1997 in English and held by 112 WorldCat member libraries worldwide

The recent literature on cross-country convergence of per capita income has largely ignored international trade. The reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist independent of one another. But most international trade economists have a very different perspective of a world in which countries exchange goods, factors, and ideas. The goal of this paper is to sketch out some basic relationships between per capita income convergence and international trade. First, I briefly summarize a few interesting recent papers which have linked income convergence to trade. Their common inference is that for countries which are both somehow linked by trade and converging, trade helps cause the convergence. Second, I critique these papers in light of some simple accounting and trade theory. The key point here is that countries trading is not sufficient proof that trade helps cause per capita income convergence. Finally, I give two examples applying some of these ideas to real-world data. The basic point of the paper is that more work is needed to document carefully both the exact mechanisms by which trade helps convergence and the relative contribution of trade and non-trade factors
Expansion strategies of U.S. multinational firms by Gordon H Hanson( )

16 editions published in 2001 in English and held by 111 WorldCat member libraries worldwide

Recent theoretical work tends to characterize multinational enterprises as arising through either horizontal or vertical foreign direct investment (FDI). Empirical research tends to find stronger support for the former than for the latter. In this paper, we use recent, detailed data on U.S. multinational firms to revisit the question of why multinationals go abroad. We examine three types of foreign activities of U.S. multinationals: global outsourcing, the use of export platforms, and wholesale trading. Our results suggest that vertical FDI is more common than previous research suggests, and more generally that the foreign affiliates of multinationals span a diverse set of activities that each respond to policies and characteristics of host countries in quite different ways
Have falling tariffs and transportation costs raised U.S. wage inequality? by Jonathan Haskel( )

17 editions published between 1999 and 2000 in English and held by 111 WorldCat member libraries worldwide

A number of studies have tried to gauge the effect of international trade on the rising U.S. skill premium by examining whether product prices in unskill-intensive sectors have fallen relative to prices in skill-intensive sectors. However, these studies do not estimate what share of domestic product-price changes is due to trade barriers. This paper attempts to address this issue by analyzing not the sector bias of price changes but rather the sector bias of price changes induced by changes in U.S. tariffs and transportation costs. We find that in both the 1970s and 1980s, level cuts in tariffs and transportation costs levels were concentrated in the unskill-intensive sectors. If pass-through of trade barriers to product prices is uniform across all sectors, then this suggests falls in tariffs and transportation costs were mandating a rise in the U.S. skill premium. But despite this suggestive evidence, we estimate that the price changes induced by tariffs or transportation costs mandated a rise in the skill premium that was mostly statistically insignificant. Thus, we do not find strong evidence that falling tariffs and transport costs, working through price changes, mandated rises in inequality
 
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Associated Subjects
Commerce Commercial policy Consumers--Attitudes Contracting out Convergence (Economics) Council of Economic Advisers (U.S.) Emigration and immigration--Economic aspects Factor proportions--Econometric models Foreign subsidiaries--Finance Foreign trade and employment Foreign workers Globalization Great Britain Heckscher-Ohlin principle Income distribution--Econometric models Industrial productivity Industrial productivity--U.S. states International business enterprises International business enterprises--Finance International economic relations International trade Investments, American Investments, Foreign Investments, Foreign, and employment Investments, Foreign--Government policy Investments--Government policy Labor demand--Econometric models Labor market Offshore assembly industry Prices--Econometric models Profit-sharing Service industries Slaughter, Matthew J.--(Matthew Jon) Tariff--Econometric models Technology Trade regulation--Econometric models United States United States.--Department of Housing and Urban Development.--Office of Public and Indian Housing United States.--National Credit Union Administration.--Board Wage differentials Wage differentials--Econometric models Wages Wages--Econometric models Wages--Effect of international trade on Wages--Effect of international trade on--Econometric models Wages--Effect of technological innovations on Wages--Effect of technological innovations on--Econometric models Wages--Skilled labor--Econometric models Wages--U.S. states Working class--Attitudes
International trade in services and intangibles in the era of globalization
Covers
Globalization and the perceptions of American WorkersGlobal FDI policy : correcting a protectionist drift
Alternative Names
Matthew J. Slaughter economista estadounidense

Matthew J. Slaughter economista estatunidenc

Slaughter, M. J.

Slaughter, Matthew.

Slaughter, Matthew Jon.

Languages
English (297)