Peter K. Schott
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View article: How do Firms in Different Sectors Organize their Supply Chains? Evidence from Transaction-Level Import Data
How do Firms in Different Sectors Organize their Supply Chains? Evidence from Transaction-Level Import Data Open
Heise et al. (2021) develop a model-based empirical measure—sellers per shipment (SPS)—to characterize how firms organize supply chains in response to a quality control problem. High SPS indicates spot-market purchasing with costly inspect…
View article: To Find Relative Earnings Gains After the China Shock, Look Outside Manufacturing and Upstream
To Find Relative Earnings Gains After the China Shock, Look Outside Manufacturing and Upstream Open
We examine US workers' employment and earnings before and after trade liberalization with China.Among workers initially employed in manufacturing, we find substantial and persistent declines in both outcomes, with indirect exposure via inp…
View article: Tariff Rate Uncertainty and the Structure of Supply Chains
Tariff Rate Uncertainty and the Structure of Supply Chains Open
We show that reducing the probability of a trade war promotes long-term importer-exporter relationships that ensure provision of high-quality inputs via incentive premia. Empirically, we introduce a method for distinguishing between these …
View article: Tariff Rate Uncertainty and the Structure of Supply Chains
Tariff Rate Uncertainty and the Structure of Supply Chains Open
We show that reducing the probability of a trade war promotes long-term importer-exporter relationships that ensure provision of high-quality inputs via incentive premia.Empirically, we introduce a method for distinguishing between these J…
View article: Using Equity Market Reactions to Infer Exposure to Trade Liberalization
Using Equity Market Reactions to Infer Exposure to Trade Liberalization Open
We propose a method for identifying exposure to changes in trade policy based on asset prices that has several advantages over standard measures: it encompasses all avenues of exposure, it is natively firm-level, it yields estimates for bo…
View article: Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time
Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time Open
We show that unexpected changes in the trajectory of COVID-19 infections predict US stock returns, in real time.Parameter estimates indicate that an unanticipated doubling (halving) of projected infections forecasts next-day decreases (inc…
View article: Trade Liberalization and Mortality: Evidence from US Counties
Trade Liberalization and Mortality: Evidence from US Counties Open
We investigate the impact of a large and persistent economic shock on “deaths of despair.” We find that areas more exposed to a plausibly exogenous change in international trade policy exhibit relative increases in fatal drug overdoses, sp…
View article: Imputing Missing Values in the US Census Bureau's County Business Patterns
Imputing Missing Values in the US Census Bureau's County Business Patterns Open
The County Business Patterns data published by the US Census Bureau track employment by county and industry from 1946 to the present.Two features of the data limit their usefulness to researchers: (1) employment for the majority of county-…
View article: New Perspectives on the Decline of US Manufacturing Employment
New Perspectives on the Decline of US Manufacturing Employment Open
We use relatively unexplored dimensions of US microdata to examine how US manufacturing employment has evolved across industries, firms, establishments and regions. These data provide support for both trade- and technology-based explanatio…
View article: New Perspectives on the Decline of U.S. Manufacturing Employment
New Perspectives on the Decline of U.S. Manufacturing Employment Open
We use relatively unexplored dimensions of US microdata to examine how US manufacturing employment has evolved across industries, firms, establishments, and regions from 1977 to 2012. We show that these data provide support for both trade-…
View article: New Perspectives on the Decline of US Manufacturing Employment
New Perspectives on the Decline of US Manufacturing Employment Open
We use relatively unexplored dimensions of US microdata to examine how US manufacturing employment has evolved across industries, firms, establishments, and regions.We show that these data provide support for both trade-and technology-base…
View article: Replication data for: New Perspectives on the Decline of US Manufacturing Employment
Replication data for: New Perspectives on the Decline of US Manufacturing Employment Open
We use relatively unexplored dimensions of US microdata to examine how US manufacturing employment has evolved across industries, firms, establishments, and regions. These data provide support for both trade- and technology-based explanati…
View article: Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Establishments
Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Establishments Open
This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tarif…
View article: Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Plants
Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Plants Open
This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tarif…
View article: Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Plants
Investment Responses to Trade Liberalization: Evidence from U.S. Industries and Plants Open
This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers.Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff…
View article: Trade Liberalization and Mortality: Evidence from U.S. Counties
Trade Liberalization and Mortality: Evidence from U.S. Counties Open
We investigate the impact of a large economic shock on mortality. We find that counties more exposed to a plausibly exogenous trade liberalization exhibit higher rates of suicide and related causes of death, concentrated among whites, espe…
View article: Trade Liberalization and Mortality: Evidence from U.S. Counties
Trade Liberalization and Mortality: Evidence from U.S. Counties Open
We investigate the impact of a large economic shock on mortality.We find that counties more exposed to a plausibly exogenous trade liberalization exhibit higher rates of suicide and related causes of death, concentrated among whites, espec…
View article: Does Trade Liberalization with China Influence U.S. Elections?
Does Trade Liberalization with China Influence U.S. Elections? Open
This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share…
View article: Does Trade Liberalization with China Influence U.S. Elections?
Does Trade Liberalization with China Influence U.S. Elections? Open
This paper examines the impact of trade liberalization on U.S. Congressional elections.We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share …
View article: Replication data for: The Surprisingly Swift Decline of US Manufacturing Employment
Replication data for: The Surprisingly Swift Decline of US Manufacturing Employment Open
This paper links the sharp drop in US manufacturing employment after 2000 to a change in US trade policy that eliminated potential tariff increases on Chinese imports. Industries more exposed to the change experience greater employment los…
View article: Context Specific Complexity Management - A recommendation model for optimal corporate complexity
Context Specific Complexity Management - A recommendation model for optimal corporate complexity Open
Companies face emerging external complexities that they must respond to with internal complexity to be able to perform on a superior performance level. On that account, an application-oriented methodology to support the context specific se…
View article: IT-enabled Adaptive Open Innovation
IT-enabled Adaptive Open Innovation Open
Lacking efficiency and transparency regarding cross-company collaboration in the field of innovation management often leads to cost intensive and unsuccessful products and services. This is due to the fact that traditional Innovation Manag…