1 Introduction -- I Theoretical Framework: Institutions and the Labor Market -- 2 A Comparison of Labor Market Equilibria Under Different Institutional Organizations -- II Observed Dislocation: International Comparisons -- 3 Wage Flexibility in the United States and Japan -- 4 The Impact of...

This paper investigates three hypotheses to account for the observed shifts in U.S. relative wages of less educated compared to more educated workers between 1967 and 1992: increased import competition, changes in the relative supplies of labor of different education levels and changes in...

This paper investigates three hypotheses to account for the observed shifts in U.S. relative wages of less educated compared to more educated workers between 1967 and 1992: increased import competition, changes in the relative supplies of labor of different education levels and changes in...