A rising tide? The local incidence of the second wave of globalization

• DOI: 10.1016/j.jinteco.2023.103819
• Publication Date: 2024-01-12T03:55:18Z
• Authors: Rowena Gray; Greg C. Wright
• Keywords: Supply shock

We estimate the short- and long-run local labor market impacts of large increase in U.S. imports exports that occurred over 1970s. exploit sequential opening overseas shipping container ports period, which generated export import shocks were largely non-overlapping across markets thereby providing substantial variation to distinguish their effects. find average net impact on employment-to-population ratio was positive concentrated initial decade, with little longer-run impact. At same time, in-migration due shock greatly exceeded out-migration shock. show these different migration responses asymmetry housing supply curve. The largest gains accrued residents simultaneously experienced a relatively shock, had low elasticity, high home-ownership rate.