The interest around the functional distribution has gained a new momentum since the late 1980s with new theoretical advances of Neo Classical economics and with the contemporary large swing in favour of capital incomes that characterized most European countries. This paper revises the...

The lively media debate on the employment consequences of offshoring is not yet backed by an adequate empirical evidence around its actual effects. This paper relies on sectoral data to assess the impact of material offshoring on employment in the Italian manufacturing industries; with just one...

The Exchange Market Pressure (EMP) index, developed by Eichengreen et al. (1994), is widely used as a tool to signal whether pressure on a currency is softened or warded off through monetary authorities' interventions or, rather, a currency crisis has originated. In this article we show how the...

We analyze the pattern of migrants' self-selection in unobservables when there is uncertainty about foreign wages. Negative selection becomes more likely, and a greater dispersion of wages at destination no longer suffices to predict that immigrants will outperform natives.

This paper derives the implications for migrants’ self-selection in unobservables that arise from the introduction of uncertainty in the decision problem that would-be migrants face. We show that if one lifts the assumption introduced in Borjas (1987) that foreign wages are known before the...

Return migration exerts wide-ranging influence upon the countries of origin of the migrants. We analyze whether returnees adjust their fertility choices to match the norms which prevail in their previous countries of destinations, using Egyptian household-level data. Egyptians migrate...

The recent literature about the so-called beneficial brain drain assumes that destination countries are characterized not only by higher wages than the source country, but also by a higher or at least not lower relative return to education. However, it is a well known stylized fact that the...

Destination countries are increasingly adopting selective immigration policies. These can effectively increase migrants' average education even if one allows for endogenous schooling decisions and education policies at origin. Still, more selective immigration policies can reduce social welfare...

The rate of migration observed between two countries does not depend solely on their relative attractiveness, but also on the one of alternative destinations. Following the trade literature, we term the influence exerted by other destinations on bilateral flows as Multilateral Resistance to...