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

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

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.

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...

This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating...

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...

In Taiwan, since the early 2000s the growth rate of real wages has been very low and has been even negative for high-skilled workers. This paper tries to shed new light on the potential causes of this puzzling development with a comparison to South...

The paper investigates the relationship between offshoring, wages, and the ease with which individuals' tasks can be offshored. Our analysis relates to recent theoretical contributions arguing that there is only a loose relationship between the...