We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two … sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment … real wages and unemployment levels in the unskilled labor intensive sector. However, the inequality of workers between …

dissimilar in terms of unemployment of welfare. Decentralization of wage setting can successfully prevent capital outflow and the …

When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating …

, and on the economy-wide unemployment rate. A reduction in the offshoring cost affects intrafirm and intrasectoral … economy-wide unemployment rate are the elasticity of substitution between inputs and the elasticity of demand for … cost of offshoring affects jobs and unemployment. We also show that the implications of a reduction in the cost of trading …

dimensions: Involuntary unemployment and income inequality between entrepreneurs and workers increase, and so does inequality …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

migration has the opposite beneficial effects. Our model can explain two-way migration among similar countries, a pattern that … features prominently in migration data. …