decades. We argue that pervasive skill biased technological change rather than increased trade with the developing world is … depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open … economies, the skill-bias of local technological changes do not affect wages. Thus, pervasiveness deals with a major criticism …

Numerous studies on firm-level data have reported higher average wages in foreign-owned firms than in domestically … individual wages, controlling for individual and firm heterogeneity as well as for possible selection bias in foreign … negative effect on wages. …

trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of … security. Since changes in security have terms of trade effects, some producers may be hurt by enhanced security. We show cases …