Local Labor Market Effects of the 2002 Bush Steel Tariffs

• 成果类型: Article
• 署名作者: Lake, James; Liu, Ding
• 署名单位: University of Tennessee System; University of Tennessee Knoxville; Analysis Group Inc.
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20220472
• 发表日期: 2025
• 关键词: trade; polarization; decline

摘要

President George W. Bush imposed safeguard tariffs on steel in early 2002. Using US input-output tables and a generalized difference-in-difference methodology, we analyze the local labor market employment effects of these tariffs depending on the local labor market's reliance on steel as an input and as part of local production. The tariffs did not boost local steel employment but substantially depressed local employment in steel-consuming industries for many years after Bush removed them. The tariffs also led to a persistent exit of steel-intensive manufacturing establishments, suggesting a role for plant-level fixed entry costs in translating the temporary shock into persistent outcomes. (JEL F13, L61, R23)