The nexus between income and happiness is very much disputed. Many cross-sectional studies seem to be in support of a positive relationship. Yet, the failure of most studies to find a similar link between increases in income through time and happiness in developed countries of the western...

According to popular belief, welfare-state arrangements will become unsustainable in face of low-cost competition from abroad. Yet, in contrast to much of the theoretical work that predicts a race-to-the-bottom, empirical studies do not seem to support the notion that globalization is...

This paper examines the linkage between trade and the dismal state of labour markets in Europe. On the face of superficial evidence, the nexus is weak and is overshadowed by more compelling evidence of skill-biased technical change. Yet a complete dismissal of globalization is inconsistent with...