Offshoring of services could hinder job security – paper
National Bank of Belgium examines impact of offshoring goods and services and its effect on higher-educated workers
A working paper published by the National Bank of Belgium has concluded globalisation may threaten job security of higher-educated workers.
In their paper The impact of service and goods offshoring on employment: Firm-level evidence, the authors use a newly constructed database of Belgian firms that combines individual transaction-level data on international trade in goods and services with annual financial accounts.
Their evidence shows goods offshoring has a “positive impact” on employment
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