Peter K Schott
Yale School of Management
135 Prospect Street
New Haven, CT 06520-8200
Phone:  203.436.4260
Fax:  203.432.6974
peter.schott@yale.edu
http://www.som.yale.edu/Faculty/pks4
bio

Version 2014.7.15

Employment

2006-Present    Professor of Economics, Yale School of Management (and, by courtesy, Yale Department of Economics)
2004-2006        Associate Professor, Economics, Yale School of Management
1999-2004        Assistant Professor, Economics, Yale School of Management 
1993-1995        Sumitomo Trust & Banking Company, Ltd., Los Angeles 
1990-1993        Sumitomo Trust & Banking Company, Ltd., New York 

Education

1999    Ph.D., Business Economics, Anderson Graduate School of Management at UCLA
1995    M.S., Political Science, UCLA
1990    B.S., Finance, The Wharton School, University of Pennsylvania

Awards

2013 Yale School of Management Teaching Award (Executive MBA Program)
2012 Emerald Management Reviews Citations of Excellence Award
2010 Yale School of Management Teaching Award (Full-Time MBA Program)
National Science Foundation Research Grant, 2006-2009: (SES-0550190) Estimating Cross-Country Differences in Product Quality. Joint w/ Hallak
National Science Foundation Research Grant, 2003-2009 (SES-0241474): Firms and Product Choice in International Trade. Joint w/ Bernard
Best Graduate Student Paper, 1997 Empirical Investigations into International Trade Conference

Editorships/Refereeing

Excellence in Refereeing Award, AER, 2013
Associate Editor, American Economic Review, 2005-2008

Affiliations

American Economic Association
Research Associate, International Trade and Investment Program, NBER
Special Sworn Status Researcher, US Census Bureau
Research Network Fellow, CESifo
International Research Associate, Institute for Fiscal Studies (UK)
Research Associate, Center for Economic Performance (LSE)
Editorial Board, FREIT
Faculty Liaison, Yale Men’s Swim Team

Consulting

World Bank
Inter-American Development Bank
Appalachian Regional Commission
Analysis Group

Executive Teaching
Beijing CEO Summit, Beijing 2013
JP Morgan Chase Fellows, New Haven CT, 2011, 2013
The Founders Group, New Haven CT, May 2011
TEDA, Tianjin China, May 2010
Penghua Fund Management, New Haven CT, March 2010
Young Presidents Organization, New Haven CT, April 2010
Sun Yat-Sen University, New Haven CT, October 2008

Case Competitions

Alcoa’s Entry into China, New Haven CT March 2012

 

 

In-Progress Working Papers

The Surprisingly Swift Decline of U.S. Manufacturing Employment (November 2013) Joint w/Pierce. Slides

Insertion of Argentine Firms in Global Value Chains Not Oriented to the Mass Market (November 2012) Joint w/Gonzalez, Hallak and Soria Genta

Vietnam’s Textile and Clothing Exports to the U.S. Under OTEXA Monitoring (September 2007)

Transfer Pricing by U.S.-Based Multinational Firms (August 2006)  Joint w/ Bernard, Jensen. Article in The Economist discussing this paper.

 

Journal Publications

Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporter. 2013. American Economic Review 103(6):2169-95. Joint w/Khandelwal and Wei. Here are the slides for this paper.

Testing for Relative Factor Price Equality with Unobserved Differences in Factor Quality or Productivity. 2013. American Economic Journal: Microeconomics 5(2):135-163. Joint w/ Redding and Bernard. This is a substantially revised version of NBER Working Paper 8068 (2001).

A Concordance Between Ten-Digit U.S. Harmonized System Codes and SIC/NAICS Product Classes and Industries. 2012. Journal of Economic and Social Measurement 37(1-2):61-96. Joint w/ Pierce. Appendix files here.

The Empirics of Firm Heterogeneity and International Trade. 2012. Annual Review of Economics 4: 283-313. Joint w/ Bernard, Jensen and Redding.

Concording U.S. Harmonized System Categories Over Time  Journal of Official Statistics 28(1):53-68 (March 2012). Joint w/ Pierce. A previous version of the paper was circulated as NBER Working Paper (WP14837) and CES Working Paper (CES-WP-09-11).  Data Appendix.

Multi-Product Firms and Trade Liberalization Quarterly Journal of Economics 126(3):1271-1318 (2011). Joint w/ Bernard, Redding. Additional materials: technical appendix. Note: the draft posted here is a substantially revised version of our 2006 NBER Working Paper 12782.

Estimating Cross-Country Differences in Product Quality Quarterly Journal of Economics 126(1):417-474. Joint w/ Hallak. Additional materials: technical appendix and zip file containing data and programs. This is a revised version of our 2008 NBER Working Paper 13807.

Is Mexico a Lumpy Country? Review of International Economics 18(5):937-950. Joint w/ Bernard, Robertson.  Additional results are here. This is a revised version of our 2004 NBER Working Paper 10898.

Intra-firm Trade and Product Contractibility American Economic Review Papers & Proceedings 100(2): 444-448 (May 2010). Long version here. Joint w/ Bernard, Jensen and Redding.Joint w/Bernard, Jensen, Redding

Wholesalers and Retailers in U.S. Trade. American Economic Review Papers & Proceedings 100(2): 408-413 (May 2010). Long version here. Joint w/ Bernard, Jensen and Redding.Joint w/Bernard, Jensen, Redding

Multi-Product Firms and Product Switching American Economic Review 100:70-97 (March 2010). Joint w/ Bernard, Redding. Technical appendix. Note: the draft posted here is a substantially revised version or our 2003 NBER Working Paper 9789 entitled “Product Choice and Product Switching”. This paper was also briefly circulated under the title “Multi-Product Firms and the Dynamics of Product Mix”.

Products and Productivity Scandinavian Journal of Economics 111(4):681-709 (December 2009). Joint w/ Bernard, Redding. This paper is a revised version of NBER Working Paper 11575.

The Margins of U.S. Trade  American Economic Review Papers & Proceedings 99(2):487-493 (May 2009). Long version here. Joint w/ Bernard, Jensen and Redding. 

Relative Wage Variation and Industry Location in the United Kingdom Oxford Bulletin of Economics and Statistics 70(4):431-459 (August 2008). Joint w/ Bernard, Redding and Simpson.  This is a substantially revised version of NBER Working Paper 9998.

The Relative Sophistication of Chinese Exports  Economic Policy 53:5-49 (January 2008). Related articles in The New Yorker, The Economist and Newsweek.

Firms in International Trade Journal of Economic Perspectives 21(3):105-130 (Summer 2007). Joint w/ Bernard, Jensen, Redding. Related articles about this in the WSJ and  Economist.

Comparative Advantage and Heterogeneous Firms Review of Economic Studies 74(1):31-66 (January 2007). Joint w/ Bernard, Redding.  This is revised version of NBER Working Paper 10668.

Trade Costs, Firms and Productivity Journal of Monetary Economics 53(5): 917-937 (July 2006). Joint w/ Bernard, Jensen. Published version is here. (NBER Working Paper 9639 version is here.) Publicly available data that are used in this paper can be found here and are described here.

Survival of the Best Fit: Exposure to Low-Wage Countries and the (Uneven) Growth of US Manufacturing Plants. Journal of International Economics 68(1):219-237 (January 2006). Joint w/ Bernard, Jensen.  Published version is here. (NBER Working Paper 9170 version is here.) Publicly available data on trade costs and low-wage country penetration that are used in this paper can be found here, here and here, and are described here. New data for updating these measures is available here.

Across-Product versus Within-Product Specialization in International Trade. Quarterly Journal of Economics 119(2):647-678 (May 2004).  This is the published version of NBER Working Paper 8492 entitled “Do Rich and Poor Countries Specialize in a Different Mix of Goods?  Evidence from Product-Level U.S. Trade Data” 

Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich? Journal of Development Economics 72(2):515-541 (December 2003). Joint w/ Redding. Published version is here. NBER Working Paper 9447 version is here.

A Comparison of Latin American and Asian Product Exports to the United States, 1972 to 1999. Latin American Journal of Economics. 121:414-422 (December 2003).

One Size Fits All? Heckscher-Ohlin Specialization in Global Production American Economic Review 93(2):686-708 (June 2003).   This is the published version of NBER Working Paper 8244.  Errata. Country-industry capital intensity data data.

Does Natural Resource Abundance Cause Latin American Income Inequality? Journal of Development Economics 59(1): 3-42. Joint w/ Leamer, Maul and Rodriguez. Dataset for this paper.

 

Book Chapters / Other Publications

America’s Hidden Austerity Program, New York Times (Economix, June 11, 2012), joint w/ Polak.

The 2005 to 2008 Appreciation of the Yuan and U.S. Trade (April 2009), in Simon Evenett (ed), The US-Sino Currency Dispute: New Insights from Economics, Politics and Law (VoxEU: Geneva)

U.S. Trade Margins During the 2008 Crisis (November 2009), in Richard Baldwin (ed), The Great Trade Collapse: Causes, Consequences and Prospects (VoxEU: Geneva)

China’s Experience Under the MFA/ATC (February 2009) in Robert Feenstra and Shag-Jin Wei (eds.), China’s Growing Role in World Trade (University of Chicago Press, Forthcoming). Joint w/ Brambilla, Khandelwal. Note: this is a revised version of NBER Working Paper 13346. Data used in this paper.

Importers, Exporters and Multinationals: A Portrait of Firms in the U.S. that Trade Goods in T. Dunne, J.B. Jensen and M.J. Roberts (eds.), Producer Dynamics: New Evidence from Micro Data (University of Chicago Press, 2009). Joint w/ Bernard, Jensen. This chapter is a revised version of NBER Working Paper 11404.

How does China compete with developed countries? Vox (October 2007)

The Rich (and Poor) Keep Getting Richer  Harvard Business Review 83(4):20 (April 2005).  Joint w/ Leamer.

How Offshore Work Affects Your Industry Harvard Business Review 82(11):24 (November 2004).  Joint w/ Bernard, Jensen.

 “Concerts and Regional Intervention” in David Lake and Patrick Morgan (eds.), Regional Orders: Building Security in a New World. (Penn State Press, 1997).  Joint w/ Rosecrance.

 

Policy/Background/Technical/Dataset Papers

Report on the State of Available Data for the Study of International Trade and Foreign Direct Investment (August 2010). Joint with Feenstra, Lipsey, Branstetter, Foley, Harrigan, Jensen, Kletzer, Mann and Wright. NBER Working Paper 16254.

Vietnam’s Textile and Clothing Exports to the U.S. Under OTEXA Monitoring (September 2007)

Assessing the Impact of Trade Liberalization on Import-Competing Industries in the Appalachian Region (September 2004).  Joint with Bernard, Jensen.

Facing the Dragon:  The Prospects for U.S. Manufacturing in the Coming Decade (May 2004).  Joint w/ Bernard, Jensen.  Wall Street Journal article about this paper (8.17.2004).

US Imports, Exports and Tariff Data, 1989 to 2001. (November 2002) Joint w/ Feenstra, Romalis (NBER 9387). Click here to download data.

Land Abundance as a Source of Latin American Income Inequality (July 13, 1999). Joint w/ Leamer. Background paper for World Bank World Development Report 2000/01, available here.  A related paper served as background research for an Inter-American Development Bank report on Nature, Development and Distribution in Latin America Evidence on the Role of Geography, Climate and Natural Resources.

 

Dormant Working Papers

A Note on Empirical Implementation of the Lens Condition (December 2004) Joint w/ Bernard, Robertson.

Ranking Countries According to the Value of Their Exports (December 2003)

Moving Up and Moving Out: Product-Level US Exports and Competition from Low-Wage Countries. (March 2002)

Land Abundance, Risk and Return: An HO Approach to FDI (May  1998)

Education, Development and Trade: What's the Relationship? (January, 1998)

Strategic Options:   Black-Scholes and Pearl Harbor (June 1997)

 

PhD Students

Lorenzo Rotunno (Geneva PhD, 2013)
Ted Rosenbaum (Yale PhD, 2013)
Olga Timoshenko (Yale PhD, 2012)
Julien Martin (Paris 1, 2011)
Camila Campos (Yale PhD, 2010)
Florian Ploeckl (Yale PhD, 2009)
A.V. Chari (Yale PhD, 2009)
Amit Khandelwal (Yale PhD, 2008)
Matthais Helble (Geneva PhD, 2007)

 

Invited Presentations 1999-Present, By Paper

24. The Surprisingly Swift Decline of U.S. Manufacturing Employment
LACEA-IADB-CAF TIGN Conference, Santiago CHL, 2014.5.23
CESifo Area Conference on Global Economy, Munich 2014.6.16
Yale School of Management, 2014.4.9
Penn State, 2014.4.8
US China Commission 2014.2.21
Yale (Macro Lunch) 2014.2.19
North American Regional Science Council Conference, Atlanta 2013.11.14
GW Conference on U.S.-China Economic Relations, Washington DC 2013.11.8
Yale (Trade Workshop), 2013.10.9
NY Fed, 2013.9.27
Stanford, 2013.9.25
University of Tennessee, 2013.9.16
Graduate Institute, Geneva, 2013.8.29
NBER Summer Institute, Trade 2013.6.11
HKUST Conference on International Economics, 2013.6.7
HKU, 2013.6.5
LSE, 2013.5.15
Wharton, 2013.4.29
Carnegie Mellon / University of Pittsburgh, 2013.4.12
Hitotsubashi GCOE Trade Conference, Tokyo 2012.12.9
UCSD, 2012.12.4
Duke, 2012.11.26
Third China-US Civil Strategic Dialogue, Beijing 2012.8.25
American Economic Association Annual Meeting, Chicago, 2012.1.7

23. Trade Liberalization and Embedded Institutional Reform: Evidence From Chinese Exporters
Hitotsubashi, Tokyo, 2012.6.27
ITAM, Mexico City, 2012.5.18
CREI-Move Workshop on Misallocation, Barcelona, 2012.5.12
NBER Productivity, July 12, 2012
NBER ITI, August 5, 2012
Cowles Summer Conference, 2011.6.17
Princeton 2011.4.20
World Bank 2011.4.5
Ecole d/Economie/INRA/Sciences Po, Paris, 2010.10.19

22. Wholesalers and Retailers in U.S. Trade
American Economic Association Annual Meeting, Atlanta, 1/5/10

21. The Margins of U.S. Trade
American Economic Association Annual Meeting, San Francisco, 1/4/9

20.  Multi-Product Firms and Trade Liberalization
Berkeley, 12/8/9
San Francisco Fed, 12/7/9
CAED 2009 (Tokyo), 10/3/9
CES-IFO Summer Institute (Venice), 7/12/9
Board of Governor’s, 9/6/8
Egon Sohmen Symposium, Barcelona, 5/24/8
Penn State, 5/4/7
HEI, University of Geneva, 1/12/7

19.  Firms in International Trade
Stanford Institute for Theoretical Economics, 8/8/8
WTO, 1/11/7

18.  Transfer Pricing by U.S.-Based Multinational Firms
UBC, 11/3/6
Yale SOM, 3/29/6
UVA, 2/21/6

17.  Estimating Cross-Country Differences in Product Quality
Paris School of Economics, 5/9/11
LSE, 7/4/8
University of Chicago GSB, 11/13/6
UCSC, 1/20/6
UCSD, 1/19/6
Columbia, 12/7/5
UCLA, 12/30/5
International Monetary Fund, 10/25/5
University of Maryland, 10/24/5
Board of Governors 10/13/5
Bank of Spain 9/29/5
NBER ITI, 8/1/5
NBER CRIW, 7/26/5

16. Multi-Product Firms and the Dynamics of Product Mix
Geroski Lecture, UK Competition Commission, London, 6/13/7
Georgetown, 4/29/5

15. Comparative Advantage and Heterogeneous Firms
Harvard, 10/6/4
Yale, 10/4/4

14. The Relative Sophistication of Chinese Exports
45th Economic Policy Panel Meeting (Frankfurt), 4/20/7
IMF China Trade Conference, 4/5/7
China Development Forum (Beijing), 3/17/7-3/19/7
NBER China Working Group, 10/1/4

13. Export Prices and the Divergence of Leaders and Followers on the International Quality Ladder
Michigan, 12/12/4

12. Product Choice and Product Switching Joint w/Bernard, Redding
CEPR Conference on Innovation and the Structure of Product Market Competition
(London), 11/22/2

11. Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich? Joint w/ Redding.
Inter-American Seminar on Economics (NBER, Monterrey Mexico), 11/15/2
EIIT 9 (Emory) 11/8/2
LSE, 10/10/2

10. Trade Costs, Firms and Productivity Joint w/ Bernard, Jensen.
Carnegie-Rochester Conference on International Trade and Globalization, 11/18/5
CEU, Budapest, 6/14/3
Boston College, 11/18/2
EIIT 9 (Emory) 11/8/2
University of Maryland, 11/4/2
University of California, Santa Cruz, 10/11/2
Dartmouth Summer Camp, 8/2/2

9. Survival of the Best Fit: Low Wage Competition and the (Uneven) Growth of US Manufacturing Plants (w/ Bernard and Jensen)
AEA Anuual Meeting, Philadelphia, 1/9/4
University of Toronto, 11/4/3
Syracuse, 4/24/3
The Hemispheric Trade Debate Conference, Yale University 4/3/3
Yale University, 12/9/2
UCLA, 12/4/2
University of Michigan, 10/25/2
University of Texas, Austin, 10/21/2
University of Nottingham, 10/9/2
Federal Reserve Bank of New York, 5/17/2
NBER Univeristy Conference on Firms and Trade, 5/10/2
University of North Carolina, 4/18/2
University of Pennsylvania, 3/19/2

8. Moving Up and Moving Out: Product-Level US Exports and Competition from Low-Wage Countries
NBER ITI Spring Meeting, 3/14/2
University of California, Berkeley, 12/14/1
Yale School of Management, 11/28/1
Dartmouth College, 11/14/1
EIIT 8 (Purdue) 11/9/1

7. Across-Product versus Within-Product Specialization in International Trade
World Bank, 5/8/1
Columbia University, 12/13/0
University of California, Santa Cruz, 11/14/0
University of Oregon, 11/10/0
Princeton University, 10/20/0
NBER ITI Summer Institute 8/9/0
London School of Economics, (Visitor 5/27/0 - 6/2/0)
Yale School of Management, 4/26/0
Yale University, 3/27/0

6. Factor Price Equality and the Economies of the United States (w/ Bernard and Jensen)
NBER ITI Summer Institute 8/9/1
NBER Labor in the Global Economy Seminar, 5/11/1
Yale Department of Economics 4/2/1
EIIT 7 (Boulder) 11/4/00
NBER ITI Summer Institute 8/9/0

5. Has US Manufacturing Evolved In a Manner Consistent with Standard Trade Theory?
EIIT 6 (Purdue), 11/13/99

4. One Size Fits All? Heckscher-Ohlin Specialization in Global Production
University of Chicago GSB, 11/10/99
Beijing University CCER, 7/7/99
1999 Far Eastern Meeting of The Econometric Society (Singapore), 7/2/99
Job Market 1/99-3/99
EIIT 5 (Purdue), 11/14/98

3. Land Abundance, Risk and Return: An HO Linear Programming Approach to FDI
Workshop on Empirical Research into International Trade and Investment, June 19-22, 1998, Copenhagen, Denmark
Inter-American Development Bank (Washington DC), 3/27/98.

2. Education, Development and Trade: What's the Relationship?
EIIT 4 (Purdue), 11/1/97
Conference on Human Capital and Economic Development in Latin America (sponsored by AGSM CIBER), 5/31/97 (Topic: Are Latin American Workers Tool-Deprived?)
Conference on Economic Integration and Taiwan's Industry Restructuring (sponsored by National Cheng Chi University, Taiwan), 5/15/97. (Topic: Should Taiwan Invest in the Mainland?)

1. Concerts of Power and Regional Intervention (Joint with R. Rosecrance)
Conference on Regional Conflict in a Post Cold-War Era (sponsored by UCSD IGCC), 4/22/95