We study the role of labor market mismatch in the adjustment to a trade liberalization that results in the offshoring of high-tech production. Our model features two-sided heterogeneity in the labor market: high- and low-skilled workers are matched in a frictional labor market with high- and...

Two countries are populated by workers and capitalists. Their governments collect taxes to finance productive expenditure and income redistribution. The share of income redistributed defines the size of the welfare state. Although both groups benefit from an abolition of the welfare state in the...

In this text, experts in Asian economics, public management, law and the sciences explore critical issues that will have a role in future policy debates. Topics include growth, income security and fiscal reform; governance and public management; and technological innovation and the environment