David Hummels, professor of Economics at Purdue University’s Krannert School of Management, presented and lead a discussion on Global Outsourcing and the Labor Market of the Future.
During this conversation, we discussed how changes in technology and the rising use of global outsourcing have put increasing pressure on U.S. workers and managers. We examined these pressures and presented results from new research focused on which occupations are hurt the most by global competitions, which are largely insulated from these pressures and which actually benefit.
Professor Hummels’ teaching interest is in international economics. His research focuses on empirical investigations in international trade, with a special emphasis on product differentiation, barriers to trade, and the effects of transportation and infrastructure on trade and economic development.
Professor Hummels is a Research Associate of the National Bureau of Economic Research, an Associate Editor of the Journal of International Economics, and an Associate Director of the Forum for Research on Empirical International Trade. He has worked as a consultant for and visiting scholar at a wide variety of central banks, development banks and policy institutes around the world. He previously worked as an assistant professor of economics at the University of Chicago’s Graduate School of Business.
Professor Hummels’ major publications include:
- "International Transportation Costs and Trade in the Second Era of Globalization". Journal of Economic Perspectives (2007);
- “The Variety and Quality of a Nation’s Exports,” American Economic Review (2005);
- “Shipping the Good Apples Out? An Empirical Confirmation of the Alchian Allen Conjecture,” Journal of Political Economy (2004);
- “Intra-national Home Bias: Some Explanations,” Review of Economics and Statistics, (2003);
- “The Nature and Growth of Vertical Specialization in World Trade,” Journal of International Economics, (2001);
- “Monopolistic Competition and International Trade: Reconsidering the Evidence” Quarterly Journal of Economics, (1995)