The economic impact of inward FDI on the US

Theodore H. Moran, Lindsay Oldenski, 4 March 2014



The US is the second-largest recipient of FDI in the world, behind China, and by far the largest target for FDI among OECD countries (OECD 2013). The numbers are large ($253 billion for the US), and the gap with the next-largest in the OECD is impressive ($63 billion for the UK and $62 billion for France in 2012).

Topics: Productivity and Innovation
Tags: FDI, multinationals, productivity, R&D, spillovers, US, wages

Competing successfully in a globalising world: Lessons from Lancashire

Nicholas Crafts, Nikolaus Wolf, 22 October 2013



The ‘first globalisation’ of the 19th century – driven by the substantial falls in trade costs associated with the age of steam – saw the ‘First Unbundling’ (Baldwin 2006), in which industrial production and consumption became spatially separated, often by large distances.

Topics: Economic history, International trade
Tags: agglomeration, cities, cotton, globalisation, Industrial Revolution, industrialisation, Lancashire, trade, wages

The long-run gains of not mixing genders in high-school classes

Massimo Anelli, Giovanni Peri, 23 February 2013



Gender gap in college majors and earnings

Topics: Education, Gender, Labour markets
Tags: education, gender, Italy, labour, wages, women

The case for temporary inflation in the Eurozone

Stephanie Schmitt-Grohe, Martín Uribe, 16 September 2012

Vox readers can download CEPR Discussion Paper 9133 for free here.

Journalists are entitled to free DP downloads on request; please contact To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

Topics: Labour markets
Tags: Eurozone crisis, Great Recession, unemployment, wages

Why are migrants paid more? Evidence from Italian football

Alex Bryson, Rob Simmons, Giambattista Rossi, 8 May 2012



Are migrants paid more or less than natives for doing the same or similar work and, if they are paid differently, can we be sure that it is due to their migrant status rather than to other differences between migrants and natives, such as their productivity levels?

Topics: Labour markets
Tags: Football, Italy, migrants, wages

Diverging competitiveness among EU nations: Constraining wages is the key

Mickey Levy, 19 January 2012



The need for troubled Eurozone nations to rein in unsustainable government finances is clear (see, for instance, Wyplosz 2011 on this site).

Topics: Europe's nations and regions, International trade, Labour markets, Productivity and Innovation
Tags: competiveness, Eurozone crisis, Germany, wages

Apart from the fiscal compact – on competitiveness, nominal wages and labour productivity

Marga Peeters, Ard den Reijer, 3 January 2012



Eurozone members that face the consequences of severe asymmetric shocks can, in the absence of labour mobility, accommodate by means of fiscal transfers. In order to avoid becoming a one-way transfer union from the core to the periphery, the EU needs to address structural imbalances and persistent current-account deficits and surpluses that are due to real exchange-rate misalignment.

Topics: EU policies, Productivity and Innovation
Tags: eurozone, productivity, wages

Services offshoring increases wage inequality

Holger Görg, Ingo Geishecker, Christiane Krieger-Boden, 24 December 2011



Offshoring from industrialised countries always evokes hot debate in public and academic circles. Worries concern a loss of employment opportunities in unskilled jobs at one point, and in high-skilled jobs at another. Other worries concern the suspected devaluation of unskilled labour.

Topics: International trade
Tags: offshoring, UK, wages

Does income cause happiness: Evidence from industrial wage dispersion

Jörn-Steffen Pischke, 3 June 2011



Anyone interested in the sources of joy and misery among (wo)mankind would do well turning to world literature. Tolstoy, of course, famously observed in Anna Karenina that “happy families are all alike; every unhappy family is unhappy in its own way” (Tolstoy 1877). Maybe this is why tragedy is often the more alluring genre.

Topics: Frontiers of economic research, Poverty and income inequality
Tags: economics of happiness, happiness, wages

Are skill-intensive imports from rich nations deskilling emerging economies?

Raphael Auer, 10 December 2010



Among economists and policymakers alike, there is now a sense of agreement that import competition from low-wage countries has caused a decline in the relative wage of unskilled workers in rich nations, probably best summarised by Krugman’s verdict that the impact of trade on wages “is big, and getting bigger” (see

Topics: Development, Education, International trade
Tags: development, education, emerging economies, international trade, wages

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