We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … trade hurts rich-country workers, while reducing the volatility of their wages; by contrast, offshoring benefits them, while … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization …

of Cleveland's Community Salary Survey (wages and employment for specific occupations for identified firms). We find … percent of the recent the rise in the high frequency (5-year) volatility of wages …

We look at the effects of rainfall forecasts and realized rainfall on equilibrium agricultural wages over the course of … the agricultural production cycle. We show theoretically that a forecast of good weather can lower wages in the planting … stage, by lowering ex ante out-migration, and can exacerbate the negative impact of adverse weather on harvest-stage wages …

We propose a model where investors hire fund managers to invest either in risky bonds or in riskless assets. Some … managers have superior information on the default probability. Looking at the past performance, investors update beliefs on … their managers and make firing decisions. This leads to career concerns which affect investment decisions, generating a …