. Larger firms pay higher wages and exporters pay higher wages than non-exporters. The opening of trade enhances wage … inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …

This paper studies the life-cycle dynamics of exporters and multinational enterprises (MNEs). We present a dynamic …-concentration tradeoff. We show that the option of performing MNE activities in the model produces life-cycle patterns for exporters that … exporters, in the model with MNEs than in the model without MNEs. We also show that the model is largely consistent with a set …

-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …

analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …

-employment and the consequences of unemployment rather than from advantages of self-employment. …