The theory of optimal currency areas, due to Mundell and McKinnon, has enjoyed a revival of interest in the wake of … examines whether there is support for it in the microfoundations of linked open economies. It uses the cash-in-advance general … gauged by the variance of output and prices. Hence this microfoundations model, though in a way supporting the optimal …

While foreign-owned firms have consistently been found to pay higher wages than domestic firms to what appear to be …

assuming that the traded goods sector is competitive while the non-traded goods sector is oligopolistic, I show that real wages …

. The new jobs created by the MNCs were found in activities with relatively high productivity and wages. This suggests that …

In this paper we document a strong positive correlation of immigration flows with changes in average wages and average … compatible with a causal interpretation from immigration to wages and rents of natives. Separating the effects of immigrants on … natives of different schooling levels we find positive effects on the wages and rents of highly educated and small effects on …

positive wage effect of about the same size. Smoking and drinking do not affect the wages of females. …

(and trade-off between) investment and wages in Slovenian firms. We find that investment behaviour is more consistent with … display a trade-off between investment and wages, and workers share in firms’ surplus and appropriate funds that are supposed …

Our paper investigates the link between international outsourcing and wages utilizing a large household panel and …-level studies. We find that outsourcing has had a marked impact on wages. Applying two alternative skill classifications we find … to 1.5% while it increased wages for high-skilled workers by up to 2.6%. This result is robust to a number of different …