Add to ORKGWe argue that, with an elasticity of substitution in consumption greater than one and higher scale economies in the skill-intensive sectors, the entire volume of world trade matters for wage inequality. This implies that trade intergration, even among identical countries, is likely to increase the skill premium. This result can also explain the increase in skill premia in developing countries that have experienced drastic trade liberalizations. Further, we argue that evidence of a falling relative price of skill-intensive goods can be reconciled with the fast growth of world trade and that the intersectoral mobility of capital exacerbates the effect of trade on inequality. We provide new empirical evidence in support of our results and a qu...
There is evidence that the skilled to unskilled wage rates were rising in the 1980s and at the begin...
An interesting contemporary research question in trade theory deals with the possibility of rising w...
We study, both theoretically and empirically, how trade imbalances affect the structure of countries...
We argue that, with an elasticity of substitution in consumption greater than one and higher scale e...
Under plausible assumptions about preferences and technology, the model in this paper suggests that...
This paper suggests that international trade, even between identical countries, can raise the relati...
The skill premium has risen in many countries over the last 20 years. This increase could be a resul...
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a...
International audienceWe propose a theory that rising globalization and rising wage inequality are r...
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a...
The aim of this paper is to examine the impact of increased trade on wage inequality in developing c...
In developing countries, trade is increasingly associated with greater returns to high-skilled labor...
Trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill p...
Contrary to the predictions of the 2x2x2 Heckscher-Ohlin model, empirical evidence shows that trade ...
There is evidence that the skilled to unskilled wage rates were rising in the 1980s and at the begin...
An interesting contemporary research question in trade theory deals with the possibility of rising w...
We study, both theoretically and empirically, how trade imbalances affect the structure of countries...
We argue that, with an elasticity of substitution in consumption greater than one and higher scale e...
Under plausible assumptions about preferences and technology, the model in this paper suggests that...
This paper suggests that international trade, even between identical countries, can raise the relati...
The skill premium has risen in many countries over the last 20 years. This increase could be a resul...
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a...
International audienceWe propose a theory that rising globalization and rising wage inequality are r...
An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a...
The aim of this paper is to examine the impact of increased trade on wage inequality in developing c...
In developing countries, trade is increasingly associated with greater returns to high-skilled labor...
Trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill p...
Contrary to the predictions of the 2x2x2 Heckscher-Ohlin model, empirical evidence shows that trade ...
There is evidence that the skilled to unskilled wage rates were rising in the 1980s and at the begin...
An interesting contemporary research question in trade theory deals with the possibility of rising w...
We study, both theoretically and empirically, how trade imbalances affect the structure of countries...