pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and … to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …

an increase in wages. Offshoring is negatively related to the prevalence of wage markups. This also holds for the …We study the relationship between offshoring and the prevalence and intensity of labor market imperfections at the firm … wagemarkdown pricing originating from firms' monopsony power in both countries. Offshoring benefits firms in that imports of final …

incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the …

Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …

We investigate the major choice of college graduates where we make choice dependent on expected initial wages and … expected real wage growth and expected initial wages across majors. Furthermore, the differences in these expectations appear …

deterioration in the relative wages of unskilled workers.This involves a model of North-Northintegration through either increased …

We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by … developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using … this model we identify a formal relationship between international trade, productivity, and wages. We then examine the …

A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the …, using a recent theory on trade in tasks. A production function is estimated for the Netherlands for the period 1972-2001. It … suggests that the effect of offshoring manufacturing and services on total factor productivity (TFP) is positive and larger …