The Perils of Globalization: Offshoring and Economic Insecurity of the American Worker

FRB of St. Louis Working Paper No. 2007-004A

42 Pages Posted: 9 Feb 2007

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: February 2007

Abstract

According to polls from the 2006 congressional elections, globalization and economic insecurity were the primary concerns of many voters. These Americans apparently believe that they have fallen victim to liberal trade polices and that inexorable trends in globalization are destroying the American Dream. In this analysis, we use time series cross-section data from the General Social Survey (GSS) to examine the links among offshoring, labor market volatility, and the demand for social insurance. Unique among the GSS literature, our analysis includes a pseudo-panel model which permits including auxiliary state and regional macroeconomic information.

Keywords: economic insecurity, globalization, labor-demand elasticity, offshoring

JEL Classification: F16, J23, C23

Suggested Citation

Anderson, Richard G. and Gascon, Charles S., The Perils of Globalization: Offshoring and Economic Insecurity of the American Worker (February 2007). FRB of St. Louis Working Paper No. 2007-004A. Available at SSRN: https://ssrn.com/abstract=962450 or http://dx.doi.org/10.2139/ssrn.962450

Richard G. Anderson (Contact Author)

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

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
227
Abstract Views
1,284
rank
139,814
PlumX Metrics