This paper analyzes the impact increased offshoring has on labor income risk. It is therefore distinct from a large number of studies explaining the level effects of globalization on the labor market in that it takes a look at effects on second moments, i.e. the variance of incomes. It provides...

This paper analyses how increased offshoring impacts on labor income risk. It is therefore distinct from a large number of studies explaining the level effects of globalization on the labor market in that it takes a look at effects on the variability of incomes. It provides an assessment that...

With the help of the characteristic function and the covariance matrix, we study the effect of a dissipative bath on bipartite entanglement in a system of continuous variables with no direct inter-mode coupling. Under the dissipation induced by an Agarwal bath, the time evolution of entanglement...

Recent research has identified the heterogeneity as crucial for the evolution of cooperation in spatial population. However, the influence of heterogeneous noise is still lacking. Inspired by this interesting question, in this work, we try to incorporate heterogeneous noise into the evaluation...

This paper is mainly to achieve two aims: 1. present industry analysis on investment banking business; 2. value Goldman Sachs stock through different methods.The paper is consisted of eight parts. Part one is introduction. In part two we make a general review on I-banking industry. In part three...

2002 features the end of a 20-year long bull market and prolonged economic uncertainty. Global financial market was hard hit by quot;9.11quot; and numerous scandals of US listed companies. Suddenly, the global capital market fell into a serious depression and uncertainty. New Economy bubbles...

2002 features the end of a 20-year long bull market and prolonged economic uncertainty. Global financial market was hard hit by 9/11 and numerous scandals of US listed companies. Suddenly, the capital market fell into a serious depression and uncertainty. New Economy bubbles broke completely and...

Recent developments in information and communication technologies (ICT) and the growth of emerging economies such as China and India have not only increased international trade but have also led to offshoring of activities away from Europe. A firm's decision to move production away from Europe...

The distribution of factor incomes from a macroeconomic perspective is an increasingly popular research topic—be it for its implications for the personal income distribution or the apparent mistake in previous research declaring it to be constant over time. The labour share has been decreasing...