Showing results 1 - 6 of 6
| Robert Lawrence
September 2020, Paper: "Many countries have launched industrial policy programs to improve their manufacturing competitiveness based on the idea that countries with larger trade surpluses or smaller deficits in manufacturing will have higher shares of manufacturing employment. And as countries try to generate a recovery from the COVID-19 crisis, these programs are being enlarged. But while the higher productivity in manufacturing that these…
| Robert Lawrence
Recent US Manufacturing Employment: The Exception that Proves the Rule. Robert Lawrence, November 2017, Paper, "This Working Paper challenges two widely held views: first that trade performance has been the primary reason for the declining share of manufacturing employment in the United States, and second that recent productivity growth in manufacturing has actually been quite rapid but is not accurately measured. The paper shows that for many…
| Robert Lawrence
Does Productivity Still Determine Worker Compensation? Domestic and International Evidence. Robert Lawrence, 2016, Book Chapter. "The American dream is that each generation should live twice as well as the previous one, and this requires that incomes rise at an annual rate of around 2 percent per year. At this pace, incomes will double every 35 years. Between 1947 and 1970, average real compensation in the US increased at annual rate of 2.6…
| Robert Lawrence
Adjustment and Income Distribution Impacts on the TPP. Robert Lawrence, April 2016, Book Chapter. "Like all free trade agreements, the Trans-Pacifi c Partnership (TPP) will yield gains to the economy in general but force difficult adjustments on some workers and businesses. Peter A. Petri and Michael G. Plummer (2016) find that the agreement will benefi t the United States as a whole, raise real wages of both skilled and unskilled workers, and…
| Robert Lawrence
US Employment Deindustrialization: Insights from History and the International Experience. Robert Lawrence, October 2013, Paper. "International factors, such as the dramatic increase in imports from emerging-market economies, especially China, have been widely blamed for the decline in manufacturing employment in the United States over the past decade. The authors argue, however, that far more important in causing that decline has been the slow…
| Robert Lawrence
Rising Tide: Is Growth in Emerging Economies Good for the United States? Robert Lawrence, February, 2013, Book or Book Chapter. "In 1963, US President John F. Kennedy said that "a rising tide lifts all the boats. And a partnership, by definition, serves both parties, without domination or unfair advantage." Half a century later, Edwards and Lawrence conclude that this maxim will remain appropriate for some time in the future as a guide for US…