We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization …

We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized … with globalization than it would under autarky, because labor standards are a normal good and the general increase in … incomes from globalization increases demand for them. We call this the effect of `globalization in the large.' Second, if more …

emerged to explain this phenomenon, one focusing on international trade and labor market globalization as the driving force … continued effects of technology and globalization on the labor market. …

globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …