for policy to try and offset the welfare effects of labour income risk and unequal consumption dynamics. The literature … has also pointed out that, since international competition exposes workers to new sources of risk at the same time as it …

The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With … cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … this situation, government unemployment benefits reduce the wages that exporting firm's need to pay workers as risk …

. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …

overcome that trade-off. The rise in inequality is widely interpreted with regard to globalization and technological change … the skewness of income distributions: In the globalization model, increasing inequality is accompanied first by a fall and …