Kohler, Wilhelm; Wrona, Jens - Wirtschaftswissenschaftlichen Fakultät, … - 2011
-monotonic adjustment: Early stages of offshoring always lead to higher unemployment, while later stages may entail net job creation. We …The policy debate views offshoring as job destruction. Theoretical models of offshoring mostly assume full employment …. We develop a model of task trade that allows for equilibrium unemployment. In this model, there are two margins of …