This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number … variability of incomes. It provides an assessment that directly connects labor income risk and offshoring trends in a panel … suggest that offshoring tends to lower permanent income risk. This effect is particularly strong for offshoring to low-income …

This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large … income risk. This effect is particularly strong for offshoring to low-income destinations. Hence, there could be potential … second moments, i.e. the variance of incomes. It provides an assessment that directly connects labor income risk and …

This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number … variability of incomes. It provides an assessment that directly connects labor income risk and offshoring trends in a panel … suggest that offshoring tends to lower permanent income risk. This effect is particularly strong for offshoring to low-income …

We develop a theoretical framework to explain firms' offshoring decisions in the presence of uncertainty. This model … sharp prediction of the prevalence of offshoring in a given industry: The propensity of firms to source intermediate inputs … particularly pronounced in industries with higher volatility. Combining industry-level data on the U.S. offshoring intensity with …

. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … chapter compares the impact of international trade in intermediate inputs (offshoring) on wage inequality in two distinct but … similar frameworks. In the first framework the profitability of offshoring is based on increasing returns to scale on the task …

migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). …

models by estimating the wage-premium of a foreign takeover. The technology spillover theory predicts a larger wage growth in …

In this paper we explore the role that demand uncertainty plays for the offshoring decision, and the role that … offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume … firm's employment decision in its domestic and offshore production. In this environment, offshoring is driven by …

We propose a novel approach to estimate household income uncertainty at various future horizons and characterize how … the estimated uncertainty evolves over the life cycle. We measure income uncertainty as the variance of linear forecast … errors conditional on information available to households prior to observing the realized income. This approach is …

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household … show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …