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Relative wages and ...
Relative wages and trade-induced changes in technology
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- Ekholm, Karolina (author)
- Stockholm School of Economics,Handelshögskolan i Stockholm
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- Midelfart, Karen Helene (author)
- Norwegian School of Economics
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(creator_code:org_t)
- Elsevier B.V, 2005
- 2005
- English.
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In: European Economic Review. - : Elsevier B.V. - 1873-572X .- 0014-2921. ; 49:6, s. 1637-1663
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Abstract
Subject headings
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- We develop a model where trade liberalization leads to skill-biased technological change, which in turn raises the relative return to skilled labor. When firms get access to a larger market, the relative profitability of different technologies changes in favor of the more skill-intensive technology. As the composition of firms changes to one with predominantly skill-intensive firms, the relative demand for skilled labor increases. This way, we establish a link between trade, technology and relative returns to skilled and unskilled labor.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Publication and Content Type
- art (subject category)
- ref (subject category)
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