Kohler, Wilhelm; Wrona, Jens - 2011
. We develop a model of task trade that allows for equilibrium unemployment. In this model, there are two margins of …-monotonic adjustment: Early stages of offshoring always lead to higher unemployment, while later stages may entail net job creation. We … highlight this potential through numerical simulations. -- Offshoring ; Trade in Tasks ; Unemployment ; Non-monotonicity …