unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start … offshoring across occupations. Finally, we survey the literature that examines how offshoring affects employment and displacement …

We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while … workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration … cognitive and noncognitive skills while workers remain unemployed. We find the same pattern in a panel of American workers. The …

whether the inflow of immigrants in the period 1996-2007 decreased employment rates and/or if it altered the occupational …

(positive selection) and more-educated migrants are more likely to settle in destination countries with high rewards to skill … simple model of income maximization can account for both phenomena. Results on selection show that migrants for a source …-destination pair are more educated relative to non-migrants the larger is the absolute skill-related difference in earnings between the …

migrants and returnees. We construct measures of selection across skill groups and estimate the average and the skills …-specific premium for migration and return for three typical destinations of Romanian migrants after 1990. We find evidence for a … sorting of migrants consistent with skill compensation in destination countries. The premium to return migration increases …

has predictions for the employment effect of immigrants at the local level. The model predicts that if I look at the … employment (rather than wage) response by skill to immigration in a state, I can estimate the substitutability … for native labor. I also use a novel instrument based on demographic characteristics of total Central American migrants or …

The process of matching between firms and workers is an important mechanism in determining the distribution of wages …

can affect employment rates in steady state. The model thus speaks to an enduring puzzle in macroeconomics by uncovering a … declines in employment …, which further contributes to the secular decline in employment rates. Taken together, the mechanisms identified in the paper …