19 Jun '26
Finance Seminars | Friday Finance Seminar with Professor Isil Erel

The Professor will present the paper:

When Protectionism Kills Talent

Abstract
We study how protectionist policies reshape the US chip-manufacturing workforce and talent pipeline—from prospective student interest and degree completion to skill composition and innovation capacity. We show that science and engineering employment has declined in response to protectionist measures—particularly in entry-level roles and at firms exposed to tariffs and reliant on foreign talent. Patent output fell and recruitment shifted overseas, while fewer domestic students pursued chip-related degrees, reducing the US share of global chip-manufacturing expertise. Our conceptual framework shows that a high share of foreign workers and inelastic labor supply contribute to the adverse effects of protectionist policies.

 

Finance Seminar with Professor Isil Erel
  • On 19 June 2026