We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a taskassignment model … downward pressure on all wages through domestic skill-task reallocation. If elasticities of task substitution are low (high …), the downward pressure on wages in neighboring skill segments is low (high) with a net effect of higher (lower) wages and …

We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a task-assignment model … downward pressure on all wages through domestic skill-task reallocation. If elasticities of task substitution are low (high …), the downward pressure on wages in neighboring skill segments is low (high) with a net effect of higher (lower) wages and …

-shaped pattern of measured productivity that many other researchers have attributed to learning economies or to production …

productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995. …

choosing the emerging risky technology because it is more costly to shed workers upon receiving a bad productivity draw. This … mechanism helps explain the lowdown in productivity in the EU relative to the US since the mid-1990s that often is associated …

productivity and a risky technology with productivity subject to sizeable shocks. Strict EPL makes the risky technology relatively … less attractive because it is more costly to shed workers upon receiving a low productivity draw. We calibrate the model … mechanism can explain a considerable portion of the slowdown in productivity in the EU relative to the US since 1995 …