| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13768 |
| DP13768 Trade and Worker Deskilling | |
| Rui Costa; Swati Dhingra; Stephen Machin | |
| 发表日期 | 2019-05-30 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Abstract This paper presents new evidence on international trade and worker outcomes. It examines a big world event that produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate unexpectedly voted to leave the European Union, the value of sterling plummeted. It recorded the biggest depreciation that has occurred in any of the world’s four major currencies since the collapse of Bretton Woods. Exploiting this variation, the paper studies the impact of trade on wages and worker training. Wages and training fell for workers employed in sectors where the intermediate import price rose by more as a consequence of the sterling depreciation. Calibrating the estimated wage elasticity with respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and intermediate imports. This provides new direct evidence that, in the modern world of global value chains, it is changes in the cost of intermediate imports that act as a driver of the impact of globalization on worker welfare. The episode studied and the findings add to widely expressed, growing concerns about poor productivity performance relating to skills and to patterns of real wage stagnation that are plaguing contemporary labour markets. |
| 主题 | International Trade and Regional Economics ; Labour Economics |
| 关键词 | Exchange rate depreciation Trade Wages Training Deskilling |
| URL | https://cepr.org/publications/dp13768 |
| 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/542634 |
| 推荐引用方式 GB/T 7714 | Rui Costa,Swati Dhingra,Stephen Machin. DP13768 Trade and Worker Deskilling. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
