Wage Inequality and Skill Supplies in a Globalised World

Abstract : We investigate empirically, and explain theoretically, how the relative wages of skilled and unskilled workers vary with their relative supplies in open economies. Our results resolve a conflict between the predictions of standard trade theory and experience of how labour markets work. We show that relative wages respond to variation in relative skill supplies in countries that trade, as intuition and much other evidence suggest, but also that the wage response decreases as trade barriers fall and that, as trade theory suggests, is weak in very open economies.
Type de document :
Pré-publication, Document de travail
2017
Liste complète des métadonnées

Littérature citée [83 références]  Voir  Masquer  Télécharger

https://halshs.archives-ouvertes.fr/halshs-01370816
Contributeur : Charles Lai Tong <>
Soumis le : vendredi 10 novembre 2017 - 14:30:28
Dernière modification le : samedi 11 novembre 2017 - 01:11:20

Fichier

WP 2016 - Nr 34.pdf
Fichiers produits par l'(les) auteur(s)

Identifiants

  • HAL Id : halshs-01370816, version 2

Collections

Citation

Lorenzo Rotunno, Adrian Wood. Wage Inequality and Skill Supplies in a Globalised World. 2017. 〈halshs-01370816v2〉

Partager

Métriques

Consultations de la notice

38

Téléchargements de fichiers

6