. I also explore trade policy implications and compare offshoring to migration. …

cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … this situation, government unemployment benefits reduce the wages that exporting firm’s need to pay workers as risk … state can simultaneously cause an increase in unemployment and exports. …

the European economy in terms of excessive capital exports, excessive immigration and excessive structural change towards … the capital intensive export sectors. The overreactions cause unemployment, sluggish growth, a current account surplus and …

the wages for skilled and unskilled workers, leading to involuntary unemployment of unskilled workers in equilibrium … by lower wage differentials as well as higher unemployment. Allowing for endogenous skill formation in both countries …