This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. To this end, we set up a small-scale macroeconomic model of a dual economy to capture the transmission mechanisms...

We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance e

This EUROFRAME Report presents an assessment of the economic outlook for 2020 and 2021 focused on the euro area based on a synopsis of the forecasts of EUROFRAME institutes.

The report presents an assessment of the economic outlook for 2019 and 2020 based on a synopsis of the forecasts of Euroframe institutes and focused on the euro area.

Globalization might affect the mix of jobs available in an economy and the rate at which workers gain skills. We develop a model in which firms differ in terms of productivity and skills and use the model to examine how globalization affects the wage...

Kiel Policy Brief No. 70: The authors Sebastian Braun, Wolfgang Lechthaler and Mariya Mileva show that trade liberalization increases wage inequality.

Temporary contracts have become an important mode of employment in many countries. We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular attention to the question if workers with...

International outsourcing is a growing phenomenon in world trade, and its 30% approximate increase between 1970 and 1990 has sparked a lot of interest in recent academic literature and the business press. CEPR DP6484 adds to previous studies on...

This paper investigates the effects of services offshoring on wages using individual-level data combined with industry information on offshoring for the United Kingdom. Our results show that services offshoring affects the real wage of low- and...

Under less restrictive assumptions than in previous contributions, this paper highlights various general patterns of profit rate dynamics. Without a substantial re-distribution of income in favour of profits, the profit rate declines. When labour...