| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1639 |
| DP1639 On the Japanese Yen-US Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials | |
| Ronald MacDonald | |
| 发表日期 | 1997-04-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper investigates three hypotheses to account for the observed shifts in US relative wages of less educated workers compared to more educated workers from 1967?92: (i) increased import competition; (ii) changes in the relative supplies of labour of different educational levels; and (iii) changes in technology. Our analysis relies on a basic relationship of the standard general equilibrium trade model, that relates changes in product prices to factor price changes and factor shares, together with information about changes in the composition of output, trade, within-industry factor use and factor supplies. We find support for the hypothesis that the relative increase in the supply of well-educated labour was the dominant economic force that narrowed the wage gap in the late 1960s and early 1970s. Our results also indicate that technical progress rather than increased import competition was the dominant force in the widening of the wage gap among the major education groups after 1980. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Factor supplies and wages Technology and wages Trade and wages |
| URL | https://cepr.org/publications/dp1639 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530772 |
| 推荐引用方式 GB/T 7714 | Ronald MacDonald. DP1639 On the Japanese Yen-US Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials. 1997. |
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