capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices …

domestic wages actually rise at US firms likely to take advantage of this new offshoring opportunity. At the same time …, domestic wages fall at US firms unlikely to take advantage of this opportunity. Furthermore, I find no evidence of greater … profitability at the expense of their competitors. Through rent-sharing, this channel leads to higher domestic wages at the former …

This paper shows that the volatility of wages has significant effects on a country’s rate of economic growth. Our …

extending the reduction of wages already deployed by the government in the public sector to the private sector leads to a …

Higher nominal wages in urban areas are well-documented phenomena which imply higher productivity of urban workers …