G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1639
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
URLhttps://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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