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, although this effect has become weaker since 2008. But there isdownward pressure on wages for individuals with occupations that … are exposed toautomation and offshoring, and in industries with a higher concentration of large firms.All these factors …
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reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of … individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with … occupations that are exposed to automation and offshoring, and in industries with a higher concentration of large firms. All these …
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relation between their current wages and their past wages, adjusted for inflation. We call this the post-crisis Phillips Curve …
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We analyze the effects of trade under relocations from an innovator to a follower region in a context with region-specific monetary policy and long-run inflation. We propose an endogenous growth model with intermediate goods of different skill intensities that are traded internationally. We show...
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