We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks …-cycle model of consumption and labor supply. Both permanent wage and hours shocks are important to explain earnings risk, but wage … shocks have greater relevance. Progressive taxation strongly attenuates cross-sectional earnings risk, its life …

premium as well as on international inequality measured in income per head. We compare these effects in a world where trade is … restricted to differentiated final goods with a world with trade in both final goods and production tasks. -- offshoring …In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality …

income distribution in a world where trade is restricted to final goods. We then allow for trade in production tasks, driven … endowment. -- Offshoring ; Economies of Scale ; Income Distribution ; International Inequality … production wages, although the pattern of task trade and managerial wages are indeterminate. For differences in relative …

offshoring. -- Heterogeneous Firms ; Income Inequality …) can offshore routine tasks to a low-wage host country. The most productive firms self-select into offshoring, and the … impact on welfare in the source country can be positive or negative, depending on the share of firms engaged in offshoring …

offshoring. -- offshoring ; heterogeneous firms ; income inequality …) can offshore routine tasks to a low-wage host country. The most productive firms self-select into offshoring, and the … impact on welfare in the source country can be positive or negative, depending on the share of firms engaged in offshoring …

labor market effects of offshoring. While theory focuses on one-sector or two-sector models, empirical studies exploit … variation in offshoring across a large number of industries, typically including a linear offshoring term in the analysis …. Thereby, these studies implicitly assume a monotonic relationship between offshoring and labor market outcomes and ignore …