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We estimate the labor force participation (LFP) response to the introduction of means-tested minimum pensions in the UK through the Old-Age Pension Act (OAP) of 1908. The OAP was a major social policy intervention and the first one to universally target older workers in a time of very limited...
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the first cross-country evidence that reshoring is positively associated with wages and employment for high-skilled labor … 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 …
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