, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …

, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …

This paper addresses a complex of globalization issues: the effect of globalization on the skill premium; the effect of … globalization on unemployment; the relative importance of globalization and exogenous technical change; the effect of globalization … structure from that providing it. Globalization then offers a simple and immediate possible explanation for the prominent …