The Impact Of International Trade On Wages

Author : Robert C. Feenstra
Publisher : University of Chicago Press
Page : 420 pages
File Size : 54,7 Mb
Release : 2008-04-15
Category : Political Science
ISBN : 9780226239644

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The Impact of International Trade on Wages by Robert C. Feenstra Pdf

Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing debate among policymakers and economists. Two competing theories have emerged to explain this phenomenon, one focusing on international trade and labor market globalization as the driving force behind the devaluation of low-skill jobs, and the other focusing on the role of technological change as a catalyst for the escalation of high-skill wages. This collection brings together innovative new ideas and data sources in order to provide more satisfying alternatives to the trade versus technology debate and to assess directly the specific impact of international trade on U.S. wages. This timely volume offers a thorough appraisal of the wage distribution predicament, examining the continued effects of technology and globalization on the labor market.

Author : Sugata Marjit,Rajat Acharyya
Publisher : Springer Science & Business Media
Page : 176 pages
File Size : 47,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642574221

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International Trade, Wage Inequality and the Developing Economy by Sugata Marjit,Rajat Acharyya Pdf

This book deals with the impact that international trade is likely to have on the skilled-unskilled wage gap in a typical developing economy. This is the first theoretical monograph on this particular issue which has already generated substantial debate and voluminous work for the developed countries. A unique feature of this work is that it tries to explain the possibility of rising inequality across trading nations and looks at the segmented labour markets of the poor economies. It makes convincing arguments that the standard general equilibrium models, the main workhorse of trade theory, can be given a creative facelift to address a number of critical and emerging issues in the area of trade and development.

Author : Claire H. Hollweg,Daniel Lederman,Diego Rojas
Publisher : World Bank Publications
Page : 123 pages
File Size : 50,8 Mb
Release : 2014-07-03
Category : Business & Economics
ISBN : 9781464802638

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Sticky Feet by Claire H. Hollweg,Daniel Lederman,Diego Rojas Pdf

This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.

Author : Omar Zakhilwal,Statistics Canada. Analytical Studies Branch
Publisher : Unknown
Page : 15 pages
File Size : 40,8 Mb
Release : 2000
Category : Foreign trade and employment
ISBN : 0660183390

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The Impact of International Trade on the Wages of Canadians by Omar Zakhilwal,Statistics Canada. Analytical Studies Branch Pdf

Author : Bernard M. Hoekman
Publisher : World Bank Publications
Page : 37 pages
File Size : 42,9 Mb
Release : 2005
Category : Commerce
ISBN : 8210379456XXX

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Trade and Employment by Bernard M. Hoekman Pdf

"The substantial literature investigating the links between trade, trade policy, and labor market outcomes-both returns to labor and employment-has generated a number of stylized facts, but many open questions remain. This paper surveys the subset of the literature focusing on trade policy and integration into the world economy. Although in the longer run trade opportunities can have a major impact in creating more productive and higher paying jobs, this literature tends to take employment as given. A common finding is that much of the shorter run impacts of trade and reforms involve reallocation of labor or wage impacts within sectors. This reflects a pattern of expansion of more productive firms-especially export-oriented or suppliers to exporters-and contraction and adjustment of less productive enterprises in sectors that become subject to greater import competition. Wage responses to trade and trade reforms are generally greater than employment impacts, but trade can only explain a small fraction of the general increase in wage inequality observed in both industrial and developing countries in recent decades. A feature of the literature survey is that the focus is almost exclusively on industries producing goods. Given the importance of service industries as a source of employment and determinants of competitiveness, the paper argues that one priority area for future research is to study the employment effects of services trade and investment reforms. "--World Bank web site.

Author : Ms.Dalia Hakura
Publisher : International Monetary Fund
Page : 27 pages
File Size : 44,6 Mb
Release : 1997-09-01
Category : Business & Economics
ISBN : 9781451942415

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The Impact of Trade Prices on Employment and Wages in the United States by Ms.Dalia Hakura Pdf

This paper investigates the sensitivity of sectoral employment and wages in the United States to changes in foreign trade prices for 1980–90. Previous studies have concentrated mainly on the impact of changes in import prices on employment and wage levels. This paper estimates the impact of changes in both import and export prices on employment and wages in each of 12 three-digit standard industrial classification (SIC) manufacturing sectors. The basic conclusion is that, for most sectors, changes in trade prices do not have significant effects on employment and wages, although they generally have a larger impact on employment than on wages.

Author : Carl Davidson,Steven Joseph Matusz
Publisher : W.E. Upjohn Institute
Page : 156 pages
File Size : 44,5 Mb
Release : 2004
Category : Business & Economics
ISBN : 9780880992749

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International Trade and Labor Markets by Carl Davidson,Steven Joseph Matusz Pdf

Author : Yana van der Meulen Rodgers,Günseli Berik
Publisher : World Bank Publications
Page : 44 pages
File Size : 52,6 Mb
Release : 2003
Category : Information technology
ISBN : 8210379456XXX

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International Trade and Wage Discrimination by Yana van der Meulen Rodgers,Günseli Berik Pdf

This study explores the impact of competition from international trade on wage discrimination by sex in two highly open economies. If discrimination is costly, as posited in neoclassical theory based on Becker (1959), then increased industry competitiveness from international trade reduces the incentive for employers to discriminate against women. Alternatively, increased international trade may contribute to employment segregation and reduced bargaining power for women to achieve wage gains. The approach centers on comparing the impact of international trade on wage discrimination in concentrated and nonconcentrated sectors. The effect of international trade competition is expected to be more pronounced in concentrated sectors, where employers can use excess profits in the absence of trade to cover the costs of discrimination. Wage discrimination is proxied by the portion of the wage gap that cannot be explained by observable skill differences between men and women. The empirical model is estimated using a rich panel data set of residual wage gaps, trade ratios, and alternative measures of domestic concentration for Taiwan (China) and the Republic of Korea during the 1980s and 1990s. Results indicate that in contrast to the implications of neoclassical theory, competition from foreign trade in concentrated industries is positively associated with wage discrimination. These results imply that concerted efforts to enforce equal pay legislation and apply effective equal opportunity legislation are crucial for ensuring that women's pay gains will match those of men in a competitive environment. This paper--a product of the Gender Division, Poverty Reduction and Economic Management Network--is part of a larger effort in the network to understand the impact of trade on labor markets.

Author : Ivan T. Kandilov
Publisher : Unknown
Page : 320 pages
File Size : 52,6 Mb
Release : 2005
Category : Electronic
ISBN : UOM:39015062412823

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How International Trade Affects Wages and Employment by Ivan T. Kandilov Pdf

Author : Hian Teck Hoon
Publisher : Edward Elgar Publishing
Page : 228 pages
File Size : 49,7 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 178195271X

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Trade, Jobs and Wages by Hian Teck Hoon Pdf

The world's increasing integration through trade and the persistence of high unemployment in Europe, and other areas of the world, highlight the need to understand the implications of free trade for unemployment. Trade, Jobs and Wages analyses how employment levels and real wages are affected by international trade. Popular trade theory disregards the impact of free trade on the rate of unemployment, since it assumes full employment at the outset. By focusing on the determinants of the natural rate of unemployment, Professor Hoon places an emphasis on real, as opposed to monetary, factors in accounting for long term trends in wages and unemployment.

Author : OECD
Publisher : OECD Publishing
Page : 450 pages
File Size : 42,5 Mb
Release : 2012-05-23
Category : Electronic
ISBN : 9789264180178

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Policy Priorities for International Trade and Jobs by OECD Pdf

Launched and co-ordinated by the OECD, the International Collaborative Initiative on Trade and Employment (ICITE) is a two-year old joint undertaking of ten international organisations. This book brings together some of the results of ICITE's research.

Author : Paul Brenton,Jacques Pelkmans
Publisher : Springer
Page : 228 pages
File Size : 46,6 Mb
Release : 2016-01-03
Category : Business & Economics
ISBN : 9781349270354

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Global Trade and European Workers by Paul Brenton,Jacques Pelkmans Pdf

Are jobs and wages, particularly those of the low-skilled, undermined by trade and investment with Asian and other emerging economies? This book presents contributions on this issue which place the analytical and policy debate into context and survey the relevant economic literature together with a range of empirically oriented papers. The focus is upon Europe, which, unlike the US, has received little attention in the debate on the impact of world trade. The book shows that simple one-line messages on the impact of trade on jobs and wages have no sound analytical foundations.

Author : Sugata Marjit,Rajat Acharyya
Publisher : Physica
Page : 176 pages
File Size : 50,9 Mb
Release : 2003-04-15
Category : Business & Economics
ISBN : 3790800317

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International Trade, Wage Inequality and the Developing Economy by Sugata Marjit,Rajat Acharyya Pdf

This book deals with the impact that international trade is likely to have on the skilled-unskilled wage gap in a typical developing economy. This is the first theoretical monograph on this particular issue which has already generated substantial debate and voluminous work for the developed countries. A unique feature of this work is that it tries to explain the possibility of rising inequality across trading nations and looks at the segmented labour markets of the poor economies. It makes convincing arguments that the standard general equilibrium models, the main workhorse of trade theory, can be given a creative facelift to address a number of critical and emerging issues in the area of trade and development.

Author : United States. Bureau of International Labor Affairs
Publisher : Unknown
Page : 354 pages
File Size : 45,5 Mb
Release : 1978
Category : Balance of trade
ISBN : UIUC:30112064620153

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The Impact of International Trade and Investment on Employment by United States. Bureau of International Labor Affairs Pdf

Author : International Labour Office
Publisher : Unknown
Page : 120 pages
File Size : 53,6 Mb
Release : 1940
Category : Commerce
ISBN : CORNELL:31924002426512

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Employment, Wages and International Trade by International Labour Office Pdf