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Persistent link: https://www.econbiz.de/10005296243
By making use of a simple model that does not explicitly include capital, this paper examines the impact of downsizing on skilled-unskilled wage inequality and welfare. The paper shows that downsizing increases wage inequality and its effect on welfare is positive but the relative well-being of...
Persistent link: https://www.econbiz.de/10005023484
Within the context of a product variety model, this paper examines the impact of outsourcing of skill-intensive tasks on the skilled–unskilled wage gap. Outsourcing affects the wage gap through direct as well as indirect channels. While outsourcing decreases the effective wage of skilled...
Persistent link: https://www.econbiz.de/10010608071