We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a task-assignment model …

We examine the effects of endogenous offshoring on cost-efficiency, wages and unemployment in a taskassignment model …

firm growth rates depend on firm productivity but not on firm size. Aggregate unemployment evolves endogenously …This paper identifies a data-consistent, equilibrium model of unemployment, wage dispersion, quit turnover and firm … productive firms. Start-up firms are initially small and grow endogenously over time. Consistent with Gibrat's law, individual …

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