employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

As part of a more general process of employment reallocation from less to more productive employers, jobto- job flows …

to workers’ incomes and employment, while firms that import intermediate production stages (“offshoring”) display bigger … employment responses to small changes in workers’ wages, and are more likely to shut down home factories. But offshoring also … helps firms weather economic shocks. Offshoring firms are more likely to survive and provide greater employment stability to …