caa a22 4500 475838831 CHVBK 20180406123856.0 cr unu---uuuuu 170329e20000701xx s 000 0 eng 10.1007/s001689900005 doi (NATIONALLICENCE)springer-10.1007/s001689900005 Hacker R. Scott Jönköping International Business School, 551 11 Jönköping, Sweden (e-mail: Scott.Hacker@jibs.hj.se), SE aut The impact of international capital mobility on the volatility of labor income [Elektronische Daten] [R. Scott Hacker] 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 which shows that when there is more capital mobility between two countries, there is a tendency for both countries to experience an increase in the volatility of labor income under perfect wage flexibility, and this impact is stronger in the country less richly endowed with labor and financial wealth. Springer-Verlag Berlin Heidelberg, 2000 https://doi.org/10.1007/s001689900005 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s001689900005 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hacker R. Scott Jönköping International Business School, 551 11 Jönköping, Sweden (e-mail: Scott.Hacker@jibs.hj.se), SE aut Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer