Jagannathan, Ravi; Kapoor, Mudit; Schaumburg, Ernst - In: Journal of Financial Intermediation 22 (2013) 1, pp. 4-29
Globalization has increasingly made it possible for labor in developing countries to augment labor in the developed world, without having to relocate, in ways not thought possible only a few decades ago. We argue that this large increase in the developed world’s effective labor supply,...
