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Real Wages and Relative Factor Prices in the Third World Before 1940: What do they Tell Us about the Sources of Growth?.

Williamson, J.G. - Harvard Institute of Economic Research (HIER), … - 1998

This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their …, and declining-transport-cost-induced commodity price convergence in particular. Real wages in Asia, the Middle East and … held their own. The ratio of wages to land rents, on the other hand, declined up to World War I, and so did the ratio of …

Persistent link: https://www.econbiz.de/10005245588

Real Wages and Relative Factor Prices in the Third World 1820-1940: The Mediterranean Basin

Williamson, J.G. - Harvard Institute of Economic Research (HIER), … - 1998

By 1914, there were very big economic gaps between the European industrial core and countries around the Mediterranean Basin. When did the gaps appear? Can they be explained by lags in the diffusion of the industrial revolution after 1770, or did the gaps appear much earlier? What about the...

Persistent link: https://www.econbiz.de/10005245658

Real Wages and Relative Factor Prices in the Third World 1820-1940: Latin America.

Williamson, J.G. - Harvard Institute of Economic Research (HIER), … - 1998

gaps appear? In an effort to suggest a new research agenda for the region, this essay uses a new data base on real wages …

Persistent link: https://www.econbiz.de/10005245684

Technology, Unemployment, and Relative Wages in a Global Economy.

Davis, D.R. - Harvard Institute of Economic Research (HIER), … - 1996

Arguably the most important development in recent decades in US factor markets is the decline in the relative wage of the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been identified as a key reason for the rising US wage...

Persistent link: https://www.econbiz.de/10005256019

Does European Unemployment Prop Up American Wages?

Davis, D.R. - Harvard Institute of Economic Research (HIER), … - 1996

We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level.

Persistent link: https://www.econbiz.de/10005256020