Karabay, Bilgehan; McLaren, John D. - 2009
trade hurts rich-country workers, while reducing the volatility of their wages; by contrast, offshoring benefits them, while …"We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … integration of commodity markets (i.e., free trade) and international integration of factor markets (i.e., offshoring). In a two …