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Study on history of U.S. manufacturing jobs by Eriksson, Russ, Shambaugh, and Xu featured in the Economist, Bloomberg

Study on history of U.S. manufacturing jobs by Eriksson, Russ, Shambaugh, and Xu featured in the Economist, Bloomberg

Prof. Katherine Eriksson

The Economist magazine and Bloomberg news featured work by UCD's Katherine Eriksson, Katheryn Russ, and Minfei Xu, joint with Jay Shambaugh of George Washington University and the Brookings Institute.

The Economist reports that ``Katherine Eriksson, Katheryn Russ and Minfei Xu, of the University of California, Davis, and Jay Shambaugh, of George Washington University, sift the evidence and conclude that vulnerability to trade shocks depends on when and where they strike... Places making products exposed to Japan seemed to have been doing particularly well. They enjoyed above-average levels of income and education levels and below-average rates of unemployment... The authors argue that the China shock hurt so much because it whacked people who were already struggling.''

The Economist article also cites new work by recent UCD Alumnus Phil Luck, Assistant Professor at the University of Colorado-Denver, joint with researchers from Stanford, Michigan, and Drexel.

Bloomberg cites the study by Eriksson et all as support for Fed Chair Jay Powell's statements earlier this week that it is important to address segments of the U.S. labor market being left behind as the economy grows.