In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter … immigrants' wages are the lowest of all workers due to their ineligibility for unemployment benefits and lower wage bargaining … effect if it targets employed workers because this leads to a risk premium in their wages. Finally, I present empirical …

wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby … cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical …

and the offshoring of tasks. At the firm-level, exporting leads to higher wages and employment, while offshoring of … production tasks reduces the wages paid to unskilled workers as well as their domestic employment. At the aggregate level, trade … firms restrict employment to keep wages low, resulting in too many firms that are on average too small. Offshoring on the …

exploit a reform of naturalization rules in an instrumental variable estimation. In our sample of recent immigrants, linear …

exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We … find that the negligible long term impact of automation on employment conceals significant short term positive and negative … effects within phases of the technology life cycle. We also find that the negative impact of ICT investment on employment is …

by behavioral adjustments yet which are of considerable importance to one’s quality of life: employment, earnings and …

according to age are in contradiction with what is suggested in theory. -- population ageing ; pension system reform …