Exchange rates and local labor markets
By: Linda Goldberg and Joseph Tracy.
Contributors: Tracy, Joseph.; Federal Reserve Bank of New York.
Series: Staff reports ;; no. 63; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 63.
Publisher: Federal Reserve Bank of New York
Published: 1999
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Foreign exchange rates -- United States -- Econometric models.; Wages -- United States -- Econometric models.; Labor market -- United States -- Econometric models.
Description: "We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states.  Exchange rates have statistically significant wage and employment implications in these local labor markets.  The importance and size of these dollar-induced effects vary considerably across industries and are more pronounced in some U.S.  regions.  In addition to demonstrating the importance of exchange rate shocks, we confirm prior research results showing that relatively strong local conditions drive up wages in local industries, while anticipated future (positive) local shocks reduce current wages"--Federal Reserve Bank of New York web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 2/3/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.