This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large … income risk. This effect is particularly strong for offshoring to low-income destinations. Hence, there could be potential … second moments, i.e. the variance of incomes. It provides an assessment that directly connects labor income risk and …

normality. For the bottom earners, large income changes are driven equally by hours and wages which is consistent with …This paper documents earnings dynamics over the life-cycle and income level using a large administrative database from …, there is no evidence of an added-worker effect but government insurance and income pooling can mitigate the pass-through of …

. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie … chapter compares the impact of international trade in intermediate inputs (offshoring) on wage inequality in two distinct but …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household … show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household … show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …

We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German … of an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i …

In this paper, we empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …

We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German … an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i) the …

We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German … of an extended model which encompasses offshoring to emerging countries and labour market imperfections suggest that (i …