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arm’s length. The model further implies that firms are more likely to offshore when frictions in the provision of services …
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The study proves evidence of five new empirical facts on the impact of services offshoring on local labour markets …. First, services offshoring increases average employment and wages within local labour markets, much more so in the … manufacturing industry than in the services one. Second, positive effects are both on firms directly offshoring services and on non …
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In this paper we model the demand for immigrants as a trade-off native voters face between having services, produced by … services. Assimilated immigrants take on skilled jobs. At the political level natives choose the number of immigrants that can … be allowed, given some fixed price for services. We show that, at the assumed price, it is never optimal for natives to …
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This paper examines the responses of private consumption, residential investment, and business investment in 11 EU countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural Vector Auto Regressive (SVAR) model, and four key findings...
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Building on a new data set which is combined from national micro-data bases, we highlight differences in the structure of migrants to four countries, viz. France, Germany, the UK and the US, which receive a substantial share of all immigrants to the OECD world. Looking at immigrants by source...
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