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This paper draws on existing empirical literature and an original theoretical model to argue that globalization and skill supply affect the extent to which technology adoption in developing countries favors skilled workers. Developing countries are experiencing technical change that is...
Persistent link: https://www.econbiz.de/10014395381
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We estimate the impact of international trade and of trade-induced technological change on the wage inequality in the OECD countries, by estimating a two-stage mandated-wage regression. From our estimation we find no evidence on the Stolper-Samuelson effect of trade with the developing and newly...
Persistent link: https://www.econbiz.de/10011373502
The debate that rapid globalization over the past decades is a leading cause of increased income inequality within developed economies has been far from conclusive, including Dorn et al. (2018). We depart from existing studies by extending an earlier empirical framework by Gaston and Rajaguru...
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Tension is growing between the interests of part of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by avoiding protectionism and de-globalisation, fostering...
Persistent link: https://www.econbiz.de/10011843058
Tension is growing between the interests of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by not threatening de-globalisation, avoiding protectionism,...
Persistent link: https://www.econbiz.de/10011758320
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The aim of this discussion paper is not only to activate a debate over the interrelation between rising income inequality and economic policy measures but also to initiate comparative research in several European countries and North America. It discusses the consequences of a rising income...
Persistent link: https://www.econbiz.de/10009244110