We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization …

countries join the world economy so that globalization increases at the margin, labor standards worsen (improve) at the margin …We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized … with globalization than it would under autarky, because labor standards are a normal good and the general increase in …

-income countries that develop them and "inappropriate" elsewhere. We study this hypothesis in agriculture using data on novel plant …

crops of 1.6 million parcels of land in 55 countries around the world. Crucially, this dataset contains information about … output predicted by Ricardo's theory of comparative advantage. Despite all of the real-world considerations from which this …

agriculture. It does so by bridging the extensive literature on climate impacts on yields and physical productivity in global crop …

heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in …

This paper analyzes the short-run trade effects of retaliatory tariffs against agriculture and food exports from the … United States. The results indicate that these tariffs caused a substantial decline in U.S. agriculture and food exports and …