higher domestic wages, reduce incentives for international outsourcing. Though somewhat surprising, this result provides a … countries. We further show that globalization - interpreted as either market integration or increased product market competition … theoretical conciliation of the empirically observed trends of deunionization and increased international outsourcing in many …

To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous …

We embed a simple incomplete-contracts model of organization design in a standard two-country perfectly … when firms do not relocate across countries, the price changes triggered by liberalization of product markets can lead to … significant organizational restructuring within countries. Second, the removal of barriers to factor mobility can lead to …

government. Closed economies suffer from a hold-up problem of excessive redistribution, and governments use education policy as a …This Paper compares education investment in closed and open economies without government and with a benevolent … second-best tool. Globalization that increases labour mobility reduces governments' incentives to provide subsidized …

-biased technical change; inequality among high incomes; consumption inequality; geographical inequality; and international differences … life expectancy between the rich and the poor. We conclude with a perspective on international differences that blends …

, actually fell back. What accounts for this variety? What role did trade and tariff policy play? What about emigration and … globalization was by far the dominant force accounting for convergence (and divergence) around the periphery. Some exploited it well …

This paper exploits cross-country variation in the degree of geographical isolation, prior to the advent of sea … effect on the process of development and contributed to the contemporary variation in the standard of living across countries. …