Foreign direct investment is sparking a national debate. Local communities compete for investment projects, while many of the residents of those communities fear losing their jobs to foreign outsourcing. Some opponents argue that such job losses have disproportionately negative impact on local...

We analyze the effect of individual social capital on wage income in European countries. A number of studies have already tested the earnings effects of social ties but the majority of them have been limited to small samples and/or to certain occupations. The major contribution of the paper is...

This paperback version of the Nobel-Prize winning economist Paul Krugman’s New York Times’ best-seller book reviews if the findings in hardcover version remained well-founded after major political and economic actions (US elections, European austerity measures), and it seemed that the...