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technology constant we find mixed results for trade. Effects of trade on real wages are generally insignificant once time effects … change in structure. This paper seeks to fill the gap by study- ing the impact of domestic technology, foreign technology and … trade on U.S. wages. The standard model of general equilibrium presented shows that each effect tends to be opposite in sign …
Persistent link: https://www.econbiz.de/10013237013
technology constant we find mixed results for trade. Effects of trade on real wages are generally insignificant once time effects … change in structure. This paper seeks to fill the gap by study- ing the impact of domestic technology, foreign technology and … trade on U.S. wages. The standard model of general equilibrium presented shows that each effect tends to be opposite in sign …
Persistent link: https://www.econbiz.de/10012472884
technology, and trade on U.S. wages. A standard model of general equilibrium is presented that shows each effect tends to be … technology has the same rather than opposite effect on wages at both skill levels; (ii), a rise in the foreign share in world … causes of the change in structure. This paper seeks to fill the gap by studying the impact of domestic technology, foreign …
Persistent link: https://www.econbiz.de/10014076739
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This econometric analysis investigates the impact of changes in sectoral valueadded prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage,...
Persistent link: https://www.econbiz.de/10011490893
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In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the US has become more integrated into the world economy prices of final goods have changed, the capital stock has more than doubled has become steadily more educated. This paper...
Persistent link: https://www.econbiz.de/10013218410
In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the US has become more integrated into the world economy prices of final goods have changed, the capital stock has more than doubled has become steadily more educated. This paper...
Persistent link: https://www.econbiz.de/10012472202