David Autor, a renowned labor economist from MIT, discusses the economic impacts of globalization and technological advancements, including the effects of Chinese trade on U.S. labor markets. He shares childhood memories and interests, from his geeky personality and fascination with electronics to his love for nonfiction reading and sailing. The podcast explores his journey into labor economics, detailing his unexpected path and growth in the field, emphasizing hard work, humility, and mentorship in academia.
Local labor markets faced significant job declines and societal impacts post-trade shock.
Dr. Autor's academic journey led to a shift in beliefs towards acknowledging trade's challenges.
Collaborative efforts and innate curiosity were pivotal in reshaping Dr. Autor's research perspectives.
Deep dives
Discovery of Labor Market Adjustment Impact Due to Trade
Research led by Dr. Otter, in collaboration with Dr. Hanson and Dr. Dorn, revealed surprising results regarding local labor market adaptation to trade shock. Despite initial expectations of smooth adjustment, the study unveiled significant manufacturing job declines in import-competing regions leading to adverse consequences like income reduction, persistently high unemployment rates, and societal impacts on marriage, fertility, and well-being.
Transition from Free Trade Believer to Complex Trade Realities
Dr. Otter's transformative academic journey, spurred by revelations from his trade impact study, reshaped his staunch beliefs in the merits of free trade. As the empirical evidence contradicted existing paradigms, his perspective shifted towards acknowledging the concentrated losses and widespread challenges faced by local labor markets due to trade dynamics.
Encouragement and Support from Collaborators
Amidst significant academic revelations, Dr. Otter emphasizes the pivotal role of collaborative efforts during his career evolution. Generosity from colleagues like Dr. Hanson and Dr. Dorn facilitated groundbreaking research that challenged established trade paradigms, fostering intellectual growth and reshaping personal beliefs.
Importance of Intrinsic Research Curiosity
Dr. Otter emphasizes the significance of nurturing innate curiosity and passion in scientific inquiry. Encouraging students to pursue questions that genuinely captivate their interest, he stresses the vital role of personal fascination in driving meaningful research pursuits and contributing to scientific advancements.
Guiding Philosophy for Effective Research
Dr. Otter's guiding principles for impactful research involve fostering an unwavering commitment to exploring questions of personal significance, fuelled by intrinsic curiosity and persistent dedication. His journey underscores the value of genuine interest, collaborative endeavors, and adaptive perspectives in navigating transformative academic endeavors.
Welcome to this week’s episode of "The Mixtape with Scott”! This podcast is dedicated to capturing the personal stories of living economists and creating an oral history of the profession through these narratives. This week, I’m excited to welcome David Autor, an esteemed labor economist from MIT, where he serves as the Daniel (1972) and Gail Rubinfeld Professor, as well as the Margaret MacVicar Faculty Fellow. He was also last year's VP of the AEA, is on the Foreign Affairs board of the US State Department, and is a Digital Fellow at Stanford Digital Economy Lab. The number of accolades is too numerous to list, though, so I will just say that David's pioneering work in labor economics, particularly on the impact of trade, technological change, and the computerization of work, has significantly shaped and re-shaped our understanding of these critical areas.
One of the things you’ll learn in the interview, just as a teaser, is that David was mentored by Lawrence Katz and Alan Krueger, and that mentorship had a lasting effect. Not only did it changed his own human capital and trajectory, it seems also that it changed David’s own attitudes about mentorship. And although we couldn't delve into artificial intelligence in our conversation, Autor’s extensive research on the computerization of labor probably positions him as one of a handful of working economists at the moment whose voice will be kay in understanding the future intersections of AI and labor economics, and probably more than that. So with that I’ll stop, but thanks again to everyone for all your support. If you like the podcast, please share it!
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