explanation is at odds with the sequence of observed facts. We propose and model an alternative scenario in which offshoring …

. Buyouts reduce agency problems, which triggers automation, offshoring, and tougher bargaining with labor unions. We show that …

workers at home and abroad. In an extension to our baseline model, we illustrate that offshoring production from the high …

the cost of offshoring and unemployment. Starting from a high cost of offshoring, a decrease in the cost of offshoring … reduces unemployment first and then increases it. The non-monotonicity of unemployment in the cost of offshoring does not … between the cost of offshoring and unemployment is verified through a calibration exercise performed using parameters for …

Considerable attention has been focused on how the 'offshoring' practices of multinational firm's impact domestic …

impact of offshoring of the services of unskilled labor on the unemployment of unskilled workers is stronger in the presence …, offshoring insulates the skilled labor market outcomes from fairness concerns that are present in a closed economy. …