Corpus ID: 13706498

Labor Market Conflict and the Decline of the Rust Belt

@inproceedings{Alder2018LaborMC,
  title={Labor Market Conflict and the Decline of the Rust Belt},
  author={Simeon D. Alder and David Lagakos and Lee E. Ohanian},
  year={2018}
}
No region of the United States fared worse over the postwar period than the “Rust Belt,” the heavy manufacturing region bordering the Great Lakes. This paper hypothesizes that the Rust Belt declined in large part due to the persistent labor market conflict which was prevalent throughout the Rust Belt’s main industries. We formalize this thesis in a two-region dynamic general equilibrium model in which labor market conflict leads to a hold-up problem in the Rust Belt that reduces investment and… Expand
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