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This paper highlights analytical reasons why we believe trade and technology are linked to wagemovements in general … start with a graphic tour through the mechanics ofgeneral equilibrium theory on trade and wages. This provides a set of …
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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/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 …
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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,...
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outsourcing and expenditures on high-technology equipment can explain a substantial amount of the increase in the wages of …We develop an empirical framework to assess the importance of trade and technical change on the wages of production and … the shift towards high-technology capital such as computers. In our benchmark specification, we find that both foreign …
Persistent link: https://www.econbiz.de/10013219298
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