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- W3140359086 abstract "This paper challenges the conventional academic view that international outsourcing is just another form of gainful trade. Contrary to this view, we show that labor-service outsourcing can reduce the high-wage country's welfare even when product-market trade is beneficial, within a model that combines involuntary unemployment and monopolistic competition. Outsourcing's impact on welfare is worsened by a definite loss of jobs and a possible contraction in the range of varieties produced worldwide. While owners of capital benefit from outsourcing under certain conditions, labor's welfare always falls." @default.
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- W3140359086 date "2011-01-01" @default.
- W3140359086 modified "2023-09-23" @default.
- W3140359086 title "Unemployment and Welfare Consequences of International Outsourcing under Monopolistic Competition" @default.
- W3140359086 hasPublicationYear "2011" @default.
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