Topic:

Unravelling Deep Integration: Local Labour Market Effects of the Brexit Vote

Time&Date: 

16:00-17:30, 2021/01/15 (Friday)

Speaker:

Prof. Beata Javorchik (University of Oxford)

This paper uses high frequency data on the near universe of job adverts posted online in the UK to study the impact of the Brexit referendum on labour demand between January 2015 and December 2019. We develop measures of local labour market exposure to the threat of trade barriers on both goods and services exports if the UK were to leave the EU without a trade deal. We find that regions that were more exposed to potential barriers on professional services exports saw a differential decline in online job adverts in the period after the referendum, particularly for higher skilled jobs. This effect was distinct from the impact of the exchange rate depreciation, uncertainty surrounding future immigration policy and the threat of future barriers on trade in goods.

Biography:

Prof. Beata Javorcik is Chief Economist of the European Bank for Reconstruction and Development (EBRD) in London. She is on leave from the University of Oxford, where she holds a Statutory Professorship in Economics. She is a Fellow of All Souls College, Oxford, a member of the Royal Economic Society’s Executive Committee and a Director of the International Trade Programme at the Centre for Economic Policy Research in London. Before taking up her position at Oxford University, she worked at the World Bank in Washington DC, where she focused on research, lending operations and policy advice. She holds a Ph.D. in Economics from Yale and a B.A. in Economics (Summa cum Laude) from the University of Rochester. 
Prof. Beata Javorcik specializes in international trade. Her research interests focus on determinants and consequences of inflows of foreign direct investment, implications of services liberalization, evaluation of investment promotion programmes, propagation of shock through production networks and evasion of import duties. Her research has been published in the American Economic Review, Journal of the European Economic Association, Review of Economics and Statistics, European Economic Review, Economic Journal, Journal of International Economics and Journal of Development Economics.