The Impact of International Trade on Wages

The Impact of International Trade on Wages PDF Author: Robert C. Feenstra
Publisher: University of Chicago Press
ISBN: 0226239640
Category : Political Science
Languages : en
Pages : 420

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Book Description
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.

The Impact of International Trade on Wages

The Impact of International Trade on Wages PDF Author: Robert C. Feenstra
Publisher: University of Chicago Press
ISBN: 0226239640
Category : Political Science
Languages : en
Pages : 420

Get Book Here

Book Description
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.

International Trade and Labor Markets

International Trade and Labor Markets PDF Author: Carl Davidson
Publisher: W.E. Upjohn Institute
ISBN: 0880992743
Category : Business & Economics
Languages : en
Pages : 156

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Book Description


Sticky Feet

Sticky Feet PDF Author: Claire H. Hollweg
Publisher: World Bank Publications
ISBN: 1464802637
Category : Business & Economics
Languages : en
Pages : 123

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Book Description
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.

OECD Insights International Trade Free, Fair and Open?

OECD Insights International Trade Free, Fair and Open? PDF Author: Love Patrick
Publisher: OECD Publishing
ISBN: 926406026X
Category :
Languages : en
Pages : 197

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Book Description
Argues that prosperity has rarely, if ever, been achieved or sustained without trade. Trade alone, however, is not enough; policies targeting employment, education, health and other issues are also needed to promote well-being and tackle the challenges of a globalised economy.

Policy Priorities for International Trade and Jobs

Policy Priorities for International Trade and Jobs PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264180176
Category :
Languages : en
Pages : 450

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Book Description
Launched and co-ordinated by the OECD, the International Collaborative Initiative on Trade and Employment (ICITE) is a two-year old joint undertaking of ten international organisations. This book brings together some of the results of ICITE's research.

Trade and Employment

Trade and Employment PDF Author: Marion Jansen
Publisher:
ISBN: 9789221253211
Category : Foreign trade and employment
Languages : en
Pages : 0

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Book Description


Globalization and Labor Conditions

Globalization and Labor Conditions PDF Author: Robert J. Flanagan
Publisher: Oxford University Press
ISBN: 0195306007
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
"Globalization and Labor Conditions explains how the three main mechanisms of globalization - trade, international migration, and international capital flows - alter working conditions (particularly wages, work hours, and job safety) and labor rights (freedom of association, nondiscrimination, and the elimination of forced and child labor). An important subtheme is the relative importance of international markets and international regulation in providing improvements in labor conditions around the world. Robert Flanagan draws on analyses from his own database on international labor conditions assembled for this project and research on globalization and labor conditions. The book presents evidence on how conditions changed during late 20th-century globalization, and on how economic growth, international trade, migration, and multinational companies influence labor conditions."--BOOK JACKET.

Exports to Jobs

Exports to Jobs PDF Author: Erhan Artuc
Publisher: World Bank Publications
ISBN: 1464812497
Category : Business & Economics
Languages : en
Pages : 215

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Book Description
South Asia has grown rapidly with significant reductions in poverty, but it has not been able to match the fast-growing working age population, leading to lingering concerns about jobless growth and poor job quality. Could export growth in South Asia result in better labor market outcomes? The answer is yes, according to our study, which rigorously estimates—using a new methodology—the potential impact from higher South Asian exports per worker on wages and employment over a 10-year period. Our study shows the positive side of trade. It finds that increasing exports per worker would result in higher wages—mainly for better-off groups, like more educated workers, males, and more-experienced workers—although less-skilled workers would see the largest reduction in informality. How can the benefits be spread more widely? Our study suggests that scaling up exports in labor-intensive industries could significantly lower informality for groups like rural and less-educated workers in the region. Also, increasing skills, and participation of women and young workers in the labor force could make an even bigger dent in informal employment. The region could achieve these gains by: (i) boosting and connecting exports to people (e.g., removing trade barriers and investment in infrastructure); (ii) eliminating distortions in production (e.g., by more efficient allocation of inputs); and (iii) protecting workers (e.g., by investing in education and skills).

International Labor Standards and International Trade

International Labor Standards and International Trade PDF Author: Mr.Stephen S. Golub
Publisher: International Monetary Fund
ISBN: 1451845537
Category : Business & Economics
Languages : en
Pages : 38

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Book Description
This paper reviews controversies regarding linkage of international trade and labor standards. Pressures for international harmonization of labor standards arise in the context of increased trade between countries with large disparities in wages, and also reflect the history of labor standards. A critical distinction is made between standards related to fundamental human rights and those related to employment conditions. The main conclusion is that trade sanctions to enforce labor standards should not be an option, but that international agreements on core labor standards, with voluntary compliance, may, apart from being worthwhile on ethical grounds, defuse calls for protection.

Trade, Jobs and Wages

Trade, Jobs and Wages PDF Author: Hian Teck Hoon
Publisher: Edward Elgar Publishing
ISBN: 9781781952719
Category : Business & Economics
Languages : en
Pages : 228

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Book Description
The world's increasing integration through trade and the persistence of high unemployment in Europe, and other areas of the world, highlight the need to understand the implications of free trade for unemployment. Trade, Jobs and Wages analyses how employment levels and real wages are affected by international trade. 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.