We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international trade integration is associated with higher labour shares …

incentives for national governments to provide higher education. Countries can differ in productivity, and education is financed …

Unemployment recoveries in the US have been inexorable. Between 1948 and 2019, the annual reduction in the unemployment …, unemployment continues to glide down. Occasionally, unemployment rises rapidly during an economic crisis, while most of the time …, unemployment declines slowly and smoothly at a near-constant proportional rate. We show that similar properties hold for other …

the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment … substantial decline in both unemployment and wages. Financial constraints therefore weaken the direct link between wage rigidity … and unemployment volatility. …

globalization on firm-level performance along four dimensions: ownership of capital, employment of foreign-seasoned managers, and …-market participation having generally larger positive effects on productivity and negative effects on unit labor costs. All four channels …, the marginal productivity gains of foreign-ownership are greatly reduced when the firm is already an exporter. Breaking …

unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the … sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect … intersectoral labor mobility, unemployment in the offshoring sector can rise, with an unambiguous unemployment reduction in the non …

In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by … search frictions. We find that, contrary to general perception, wage increases and sectoral unemployment decreases due to …

market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long …