Offshoring, Economic Insecurity, and the Demand for Social Insurance

22 Pages Posted: 17 Jan 2008

See all articles by Richard G. Anderson

Richard G. Anderson

Federal Reserve Bank of St. Louis - Research Division

Charles S. Gascon

Federal Reserve Bank of St. Louis

Date Written: January 2008

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: economic insecurity, offshoring, social insurance, trade adjustment assistance

JEL Classification: F16, J31, J65

Suggested Citation

Anderson, Richard G. and Gascon, Charles S., Offshoring, Economic Insecurity, and the Demand for Social Insurance (January 2008). Available at SSRN: https://ssrn.com/abstract=1084121 or http://dx.doi.org/10.2139/ssrn.1084121

Dan Hayes (Contact Author)

affiliation not provided to SSRN ( email )

No Address Available

Richard G. Anderson

Federal Reserve Bank of St. Louis - Research Division ( email )

411 Locust St
Saint Louis, MO 63011
United States

Charles S. Gascon

Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

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