Analyzing the Impact of Trade in Services on the U.S. Labor Market: The Response of Service Sector Employment to Exchange Rate Changes
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Jensen, J. Bradford
[Excerpt] The size of the service sector and growing trade in services present the possibility that international trade in services could affect labor market outcomes in the U.S. Yet, very little is known about the impact of trade in services on employment or wages. The objective of this report is to start to address this shortage of empirical evidence and investigate one possible channel – exchange rates – through which international trade in services might influence labor market outcomes.
services; labor market; service sector employment; exchange rate