We develop a theoretical framework to explain firms' offshoring decisions in the presence of uncertainty. This model … sharp prediction of the prevalence of offshoring in a given industry: The propensity of firms to source intermediate inputs … particularly pronounced in industries with higher volatility. Combining industry-level data on the U.S. offshoring intensity with …

wages. Our findings from the Norwegian administrative and survey data are as follows: (i) Nonlinear mean reversion in … earnings is driven by the dynamics of hours worked rather than wages since wage dynamics are close to linear, while hours … changes are driven equally by hours and wages, whereas small changes are associated mainly with wage shocks. (iii) Both wages …

wages. Our findings from the Norwegian administrative and survey data are as follows: (i) Nonlinear mean reversion in … earnings is driven by the dynamics of hours worked rather than wages since wage dynamics are close to linear while negative … and wages, whereas small changes are associated mainly with wage shocks (iii) Both wages and hours contribute to negative …

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

income mobility have smaller beneficial effects for currently poor workers when borrowing constraints are binding. These … patterns across countries and markets: policies that reduce the dispersion and volatility of labor income appear to be more …