hours over 1991 to 1995 on 1996 wages. We find that there are positive but diminishing long-term returns, with the returns …

We investigate the impact of trade liberalization on wages and the returns to education in Brazil. Our pseudo …-section estimated returns in developing countries. Trade liberalization impacted on wages and the returns to education in both traded … and non-traded sectors, suggesting important spill-over effects. Wages in both sectors fell in the period immediately …