The impact of international capital mobility on the volatility of labor income

@article{Hacker2000TheIO,
  title={The impact of international capital mobility on the volatility of labor income},
  author={R. Hacker},
  journal={The Annals of Regional Science},
  year={2000},
  volume={34},
  pages={157-172}
}
  • R. Hacker
  • Published 2000
  • Economics
  • The Annals of Regional Science
  • Abstract. If project risk is positively related to project return, then the greater diversification available from international capital mobility also leads to more investment in the riskier projects with high expected returns. This results in internationally immobile laborers facing greater risk in the demand for their services, since these services are provided to riskier projects and the laborers do not receive the diversification benefit that capitalists do. This paper develops a model… CONTINUE READING
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