Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized countries. But not all DCs will automatically benefit from globalization. Some DCs even face the risk of being delinked from the international division of labor. Differences in DC...

The strikingly different labor market performance of major industrial countries suggests that neither globalization nor skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers. Rather, globalization and technological change cause...

The strikingly different labor market performance of major industrial countries suggests that neither globalization nor skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers. Rather, globalization and technological change cause...

In der Diskussion um die hohe Arbeitslosigkeit geben in der Bundesrepublik die Pessimisten den Ton an. Niedrige Wachstumsraten und ein hohes Rationalisierungstempo, so lautet das Standardargument, würden den Mangel an Arbeitsplätzen weiter vergrößern. Dies muß nicht so sein. Am Beispiel des...

The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of...