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The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...
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In this paper I present a North-South endogenous growth model in which the impact of globalization on international … outsourcing and growth can be analyzed. In the model, the skilled-labor abundant North is the only innovator in the world …. Globalization (a reduction in trade costs) leads to a relocation of production to the South in a differentiated-product sector, and …
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employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
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