This talk documents a study on the local employment consequences of the aggregate manufacturing decline in the US, Western Europe and Japan since the 1970s using a newly-assembled dataset. It shows a significant heterogeneity in employment growth across local labour markets in the decades following the start of manufacturing decline, even within the group of manufacturing capitals which were more strongly affected by the country-level trend. This talk will show a positive relation between local human capital at the start of manufacturing decline and employment performance in the following decades, particularly in knowledge intensive services. Overall, the estimates suggest that skills are important for local reinvention.
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This talk will precede Should we trust survey findings? at 1pm with Professor Peter Lynn (ISER)
Senior LecturerDepartment of Economics, University of Essex
Michel Serafinelli is a Senior Lecturer in the Department of Economics at the University of Essex, and holds a PhD from Berkeley. Previous to Essex, he was at U of Toronto. His primary research fields are Labour Economics and Economics of Cities and Regions. He is a Research Fellow at IZA and CReAM.