International Trade And Labour-Market Outcomes: Results, Questions, And Policy Options  

Oleh:

Slaughter, Matthew J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 108 no. 450 (Sep. 1998), page 1452-1462.
Fulltext: 1452(2).pdf (135.98KB)

Isi artikel

In this paper I address three aspects of recent research on the effect of international trade on labour markets. First, I survey recent research on trade's contribution to rising wage inequality between more-skilled and less-skilled workers. Despite unresolved methodological differences, the current consensus is that trade accounts for a positive yet relatively small share of rising inequality. Second, I discuss some important limitations of our current understanding of trade's effect on labour-market outcomes. There are limitations within the context of the `one-cone Heckscher-Ohlin' model that has been the main theoretical framework guiding research. In addition, there are limitations in terms of issues not well addressed by this basic model. Finally, I link research to date to policy issues regarding both labour demand and labour supply. Labour-demand policies are likely to be poorly targeted regardless of trade's role affecting labour demand, while trade openness diminishes the wage effects of labour-supply policies.

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