Antiglobalization sentiment: Exposure and immobility

Abstract

AbstractIndividuals with heightened labor market insecurity express more protectionist, xenophobic, and isolationist sentiment. We construct a novel measure of labor market insecurity that combines an individual's industry‐based exposure to import competition with an occupation‐based measure of job immobility. Immobility captures the similarity of an individual's job to others in the economy, weighted by their prevalence. The holder of a job that is dissimilar to others in the industry or in the state experiences more anxiety regarding their labor market prospects in the face of a globalization shock, and is more likely to express antiglobalization sentiment.