| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w7674
|
| 来源ID | Working Paper 7674
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| Demand Side Considerations and the Trade and Wages Debate |
| Lisandro Abrego; John Whalley
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| 发表日期 | 2000-04-01
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| 出版年 | 2000
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| 语种 | 英语
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| 摘要 | Recent trade and wages literature focuses on whether trade or technology has been the major source of increases in wage inequality in OECD countries since the 1980s. In this literature, no attention has been paid to demand side considerations. Using a simple heterogeneous goods trade model of the Armington type, and UK data, we show how trade shocks affecting the price of unskilled-intensive goods can be absorbed on the demand side, with little or no impact on relative wage rates. No wage impact occurs if the elasticity of substitution in preferences between imports and import substitutes is one. As this elasticity increases, trade plays an ever larger role in explaining wage inequality changes, and as the elasticity goes below one the sign of the effect changes. We suggest that since many import demand elasticity estimates are in the neighbourhood of one, there is a prima facie case that demand side considerations further lower the significance of trade as an explanation of recent trends in OECD wage inequality -beyond that reported in recent literature. |
| 主题 | International Economics
; Trade
; Microeconomics
; General Equilibrium
|
| URL | https://www.nber.org/papers/w7674
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565229
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推荐引用方式
GB/T 7714 |
Lisandro Abrego,John Whalley. Demand Side Considerations and the Trade and Wages Debate. 2000.
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文件名：
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w7674.pdf
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格式：
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Adobe PDF
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