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of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
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The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are … cases where wages monotonically improve or worsen as well as those where wages exhibit an inverted U-shaped relationship in … response to parametric reductions in the cost of offshoring. We identify qualitative conditions under which wages and welfare …
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