Beginning with the important work of Murphyand Welch (1992), a great deal of recentresearch has attempted to document andexplain the dramatic changes in the wage distributionthat occurred during the 1980s (see also Katz andMurphy 1992). Practically every income group faced adecline in real wages...

Traditional theory about international business suggests that companies first establish a solid home market and go global only in later stages of their life cycle. However, this view is challenged by research that shows that some firms internationalise quickly after start-up – so-called...