While there is a vast literature on the effect of unemployment insurance on unemployment duration, in almost all of these studies the replacement ratio is the key explanatory variable. Does not contest the almost universal findings that the higher the ratio of unemployment income to that of...

Past studies on foreign corporate investment and wages hypothesize that by expanding into highly concentrated and highly capital intensive industries, foreign owners are better able to pay higher wages than their domestic counterparts. Our study tests this hypothesis by comparing the effects of...