This paper presents and tests a new model of multinational firms to explain a rich array of multinational behaviour. In contrast to most approaches, here the multinational faces costs to transferring its knowhow that are increasing in technological complexity. Costly technology transfer gives...

This paper finds that globalization is contributing to the rapid increase in executive compensation over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that their compensation is increasing with exports and foreign direct investment, as well...

This paper shows that in the presence of labor market shocks, child-bearing and child-rearing have far-reaching implications for gender inequality, household specialization and family structure. Using population register data on all births, marriages, and divorces together with employer-employee...