Download or read book The Impact of International Trade on Wages written by Robert C. Feenstra and published by University of Chicago Press. This book was released on 2008-04-15 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Quantifying the Impact of Trade on Wages written by Stephen Tokarick and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an applied general-equilbrium model to decompose the effects of changes in trade- and technology-related variables between 1982 and 1996 in the United States on the wages of skilled and unskilled labor. The results indicate that trade-related variables (tariff cuts, improvement in the terms of trade, and the increase in the trade deficit) had little impact on the widening wage gap. The major factor behind the rise in the skilled wage relative to the unskilled wage was differential rates of growth in skill-biased technical change across sectors. The paper also highlights the role that nontraded goods play in explaining the wage gap. Finally, the paper presents estimates of how wages would change if the economy moved to autarky. The results show that expanding trade could actually reduce wage inequality, rather than increase it.
Download or read book Trade and Wages written by Jagdish N. Bhagwati and published by A E I Press. This book was released on 1994 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: A discussion of the perceived widening wage gap between skilled and unskilled workers that analyzes the implications of such a gap upon trade in the context of NAFTA. Woven into this presentation is the authors strong skepticism regarding the fear that freer trade has actually pushed down the wages of unskilled workers, or that it will do so in the future. Annotation copyright by Book News, Inc., Portland, OR
Download or read book Trade and Employment written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2005 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.
Download or read book How International Trade Affects Wages and Employment written by Ivan T. Kandilov and published by . This book was released on 2005 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade and Wages written by Robert Z. Lawrence and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This study uses both a net factor content analysis and a small simulation model to explore the impact on the U.S. labor market of a fivefold increase in imports of manufactured goods from developing countries. The simulation, which is parameterized by the US economy in 1990, involves a balanced trade expansion which displaces almost half of US manufacturing workers who are reemployed in the remaining manufacturing and non-trade sectors. The results show that relative wages of workers with a high school education or less would be depressed, while those with some college education would rise. However, despite the magnitude of the shock, the effects are surprisingly small. Once account is taken of productivity increases, labor force growth and export sector wage premiums, given unitary elasticities of demand and of substitution between workers with different levels of education, relative wages of workers with some college education rise by 3.5 percent, while the real wages of workers with a high school education or less decline by 1.3 percent. The impact of a variety of parameter assumptions is also explored.
Download or read book The Impact of Trade Prices on Employment and Wages in the United States written by Ms.Dalia Hakura and published by International Monetary Fund. This book was released on 1997-09-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Depression in Trade and the Wages of Labor written by Uriel Haskell Crocker and published by . This book was released on 1886 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Quantifying the Impact of Tradeon Wages written by Stephen Tokarick and published by International Monetary Fund. This book was released on 2002-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an applied general equilbrium model to decompose the effects of changes in trade and technology-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade-related variables (tariff cuts, improvement in the terms of trade, and the increase in the trade deficit) had little impact on the widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the rise in the skilled wage relative to the unskilled wage was differential rates of growth in skill-biased technical change across sectors. The paper also highlights the role that nontraded goods play in explaining the wage gap. Finally, the paper presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that expanding trade could actually reduce wage inequality, rather than increase it. The welfare costs to the U.S economy of moving to autarky (using 1996 as a base) are about 6 percent of GDP.
Download or read book Trade Technology and Wage Inequality written by Gordon H. Hanson and published by . This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Mexico during the 1980s, the wages of more-educated, more- experienced workers rose relative to those of less-educated, less- experienced workers. We assess the extent to which the increase in the skilled-unskilled wage gap was associated with Mexico's recent trade reform. In particular, we examine whether trade reform has shifted employment towards industries that are relatively intensive in the use of skilled labor (Stolper-Samuelson-type effects). The results suggest that the rising wage gap is associated with changes internal to industries and even internal to plants that cannot be explained by Stolper-Samuelson-type effects. We also find that other characteristics associated with globalization -- such as foreign investment and export orientation -- matter. Exporting firms and joint ventures pay higher wages to skilled workers and demand more skilled labor than other firms.
Download or read book Trade and Wages written by Jagdish N. Bhagwati and published by American Enterprise Institute Press. This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A discussion of the perceived widening wage gap between skilled and unskilled workers that analyzes the implications of such a gap upon trade in the context of NAFTA. Woven into this presentation is the authors strong skepticism regarding the fear that freer trade has actually pushed down the wages of unskilled workers, or that it will do so in the future. Annotation copyright by Book News, Inc., Portland, OR
Download or read book Wages and Trade in Manufacturing Industries in America and in Europe Classic Reprint written by J. Schoenhof and published by Forgotten Books. This book was released on 2016-08-31 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Wages and Trade in Manufacturing Industries in America and in Europe The question of labor and wages is the one question which ought most to concern American economists and American states men. For the great body of our seventeen million male workers are wage-earners averaging less than $400 per year; and the greatest good of the greatest number is the purpose of the American nation. The protectionists have claimed that a protective tariff raises wages. This is the last ditch Of their argument. There began to be doubt about the truth of this claim. Consequently the New York Tribune, the organ of the protectionists, sent a Special cor respondent to Europe to Obtain evidence in support Of it. Mr. Robert P. Porter, who had been special agent of the Census as to statistics of wealth and secretary of the Tariff Commission, was secured for this purpose. Mr. Porter did what he was sent to do. He presented a picture Of the distress of England under free trade and of the prosperity of France and Germany under a protective tariff that was most of a surprise to those who knew most of those countries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book The Effect of Globalization on Wages in the Advanced Economies written by Mr.Phillip Swagel and published by International Monetary Fund. This book was released on 1997-04-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effect of globalization on labor markets in the advanced economies, focusing particularly on the claim that increased economic integration has widened the gap between the wages of more skilled and less skilled workers. The broad consensus of research is that globalization, both in terms of increased trade as well as increased capital mobility and foreign direct investment, has had only a modest effect on wages. Instead, changes in technology have led to a pervasive shift in demand for labor that has favored skilled workers to the detriment of less skilled workers.
Download or read book Wages and Trade in Manufacturing Industries in America and in Europe written by Jacob Schoenhof and published by . This book was released on 1884 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade and Inequality written by Pinelopi K. Goldberg and published by Edward Elgar Publishing. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research review brings together the most influential theoretical and empirical contributions to the topic of trade and inequality from recent years. Segregating the subject into four key areas, it forms a comprehensive study of the subject, targeted at academic readers familiar with the main trade models and empirical methods used in economics. The first two parts cover empirical evidence on trade and inequality in developed and developing countries, while the third and fourth sections confront transition dynamics following trade liberalization and new theoretical contributions inspired by the previously-discussed empirical evidence, respectively. Presented with an extensive original introduction by the editor, Trade and Inequality will be an invaluable tool in the study of this field to advanced undergraduate students, graduate students and faculty alike.
Download or read book Technology Trade and Wages written by James Dutton Adams and published by . This book was released on 1997 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: eal wages.
Download or read book Trade Jobs and Wages written by Hian Teck Hoon and published by Edward Elgar Publishing. This book was released on 2000 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.
