Berman, Eli; Bound, John; Machin, Stephen - Institutet för Näringslivsforskning (IFN) - 1997
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 … employed despite rising or stable relative wages. Second, increases in demand for skills were concentrated in the same …