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has become more integrated into the world economy prices of final goods have changed, the capital stock has more than …
Persistent link: https://www.econbiz.de/10013218410
We develop an empirical framework to assess the importance of trade and technical change on the wages of production and … outsourcing and expenditures on high-technology equipment can explain a substantial amount of the increase in the wages of …
Persistent link: https://www.econbiz.de/10013219298
same, not oppo- site effect on wages at both skill levels; a rise in the foreign share in world innovation or US patents … decreases US wages; an increase in the US share in world innovation or US patents raises US wages, especially for the less … skilled; and the stock of world innovation and US patents decreases real wages especially for the less skilled. Turning to the …
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-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade … widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the … presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that …
Persistent link: https://www.econbiz.de/10013317773
This paper investigates short and long-run effects of trade liberalization on employment and wages. Employment and wage … causality is unidirectional. Wages strongly causes employment but employment does not cause wages. There is significant …
Persistent link: https://www.econbiz.de/10013320099