allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International … integration of commodity markets (i.e., free trade) and international integration of factor markets (i.e., offshoring). In a two …-country, two-good, two-factor model we show that free trade and offshoring have opposite effects on rich-country workers. Free …

Recent findings have revived interest in the link between real wage rigidity and employment fluctuations, in the …

, we exploit the recently developed Longitudinal Business Database (LBD), which contains annual observations on employment …, the employment-weighted mean volatility of firm growth rates has declined by more than 40% since 1982. This result stands … volatility among privately held firms. This pattern holds in every major industry group. Employment shifts toward older …

This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries … data are consistent with the view that employment in European industries, at least France and Germany, is much less … United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are quite insensitive to exchange …

find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …