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The Impact of International Trade on Wages

2008-04-15 Political Science
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Release : 2008-04-15
Genre : Political Science
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Book Rating : 640/5 ( reviews)

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Book Synopsis The Impact of International Trade on Wages by : Robert C. Feenstra

Download or read book The Impact of International Trade on Wages written by Robert C. Feenstra. This book was released on 2008-04-15. 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.

Sticky Feet

2014-07-03 Business & Economics
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Release : 2014-07-03
Genre : Business & Economics
Kind : eBook
Book Rating : 637/5 ( reviews)

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Book Synopsis Sticky Feet by : Claire H. Hollweg

Download or read book Sticky Feet written by Claire H. Hollweg. This book was released on 2014-07-03. Available in PDF, EPUB and Kindle. Book excerpt: 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.

How International Trade Affects Wages and Employment

2005
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Release : 2005
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Book Synopsis How International Trade Affects Wages and Employment by : Ivan T. Kandilov

Download or read book How International Trade Affects Wages and Employment written by Ivan T. Kandilov. This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Trade Prices on Employment and Wages in the United States

1997-09-01 Business & Economics
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Release : 1997-09-01
Genre : Business & Economics
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Book Rating : 419/5 ( reviews)

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

Download or read book The Impact of Trade Prices on Employment and Wages in the United States written by Ms.Dalia Hakura. This book was released on 1997-09-01. 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.

International Trade and Wage Discrimination

2003 Information technology
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Release : 2003
Genre : Information technology
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Book Synopsis International Trade and Wage Discrimination by : Yana van der Meulen Rodgers

Download or read book International Trade and Wage Discrimination written by Yana van der Meulen Rodgers. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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