advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of …We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either …

We propose a theoretical framework to analyze the offshoring and reshoring decisions of firms in the age of automation … back to the home economy but without improving low-skilled wages and without creating jobs for low-skilled workers. Since … it leads also to increasing wages for high-skilled workers, automation induced reshoring is associated with an increasing …

We propose a theoretical framework to analyze the offshoring and reshoring decisions of firms in the age of automation … back to the home economy but without improving low-skilled wages and without creating jobs for low-skilled workers. Since … it leads also to increasing wages for high-skilled workers, automation-induced reshoring is associated with an increasing …

We propose a theoretical framework to analyze the offshoring and reshoring decisions of firms in the age of automation … back to the home economy but without improving low-skilled wages and without creating jobs for low-skilled workers. Since … it leads also to increasing wages for high-skilled workers, automation induced reshoring is associated with an increasing …

works councils has a positive effect on wages within the uncovered industrial relations regime but not to the same degree …

works councils has a positive effect on wages within the uncovered industrial relations regime but not to the same degree …

Higher wages increase labor costs but improve the productivity of the labor force through several channels. If firms … take this into account and set their wages accordingly, the resulting wages may fail to adjust demand and supply but may … higher wages. All these phenomena are well established empirically. Efficiency wage theory provides an integrated explanation …

-skilled workers are favored by both innovation and offshoring, offshoring exerts downward pressure primarily on low-skilled wages (not …This article explores the impact of innovation, offshoring and demand on profits and wage dynamics. The growing … understanding recent increases in inequality. The empirical analysis performed herein involves a panel of 38 manufacturing and …

Kingdom. The contrasting effects of R&D and offshoring emerge as determinants of wages. Investment and internal demands are …The evidence on growing inequality in OECD countries has raised an important debate over its main drivers, pointing out … profits realization, in line with theoretical insights from the range theory of wages (postulating rents sharing at the shop …

This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We … within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage … inequality within groups. Under certain assumptions, it also helps to explain (3) the polarization of the income distribution …