Competition, trade and wages

DC FieldValueLanguage
dc.contributor.authorNeary, J. Peter-
dc.date.accessioned2009-07-22T16:10:29Z-
dc.date.available2009-07-22T16:10:29Z-
dc.date.issued2001-06-05-
dc.identifier.other200020en
dc.identifier.urihttp://hdl.handle.net/10197/1277-
dc.description.abstractI briefly review the empirical evidence in the trade and wages debate, which overwhelmingly rejects the Heckscher-Ohlin explanation for recent increases in OECD skill premia. I then argue that the same evidence is also difficult to reconcile in general equilibrium with the view that exogenous skill-biased technological progress is the sole culprit. Finally, I present a model of oligopolistic competition which is more consistent with the evidence. Removing quantitative import constraints (a metaphor for increased foreign competition) encourages both home and foreign firms to invest more aggressively, raising their demand for skilled labour even at unchanged relative wages.en
dc.description.sponsorshipThe Economic and Social Research Council (ESRC)en
dc.format.extent165083 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoenen
dc.publisherUniversity College Dublin. School of Economicsen
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen
dc.relation.ispartofseriesWP00/20en
dc.subjectOECD wage inequalityen
dc.subjectOligopolistic competitionen
dc.subjectSkill-biased technological progressen
dc.subjectSkill premiaen
dc.subjectTrade and wagesen
dc.subject.classificationF16en
dc.subject.classificationJ31en
dc.subject.classificationF12en
dc.subject.lcshWage differentials--OECD countriesen
dc.subject.lcshCompetition, Imperfecten
dc.subject.lcshLabor--OECD countriesen
dc.subject.lcshInternational tradeen
dc.titleCompetition, trade and wagesen
dc.typeWorking Paperen
dc.internal.authoridUCD0042en
dc.internal.availabilityFull text availableen
dc.internal.webversionshttp://www.ucd.ie/economics/research/papers/2000/WP00.20.pdf-
dc.statusNot peer revieweden
dc.neeo.contributorNeary|J. Peter|aut|-
item.grantfulltextopen-
item.fulltextWith Fulltext-
Appears in Collections:Economics Working Papers & Policy Papers
Files in This Item:
File Description SizeFormat 
WP00.20.pdf161.21 kBAdobe PDFDownload
Show simple item record

Page view(s) 50

1,377
Last Week
6
Last month
22
checked on Nov 27, 2020

Download(s) 50

293
checked on Nov 27, 2020

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.