The choice of structural model in trade-wages decompositions:
This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of specialisat...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1999
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
7312 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of specialisation unless price changes accompanying trade shocks are small, and can also produce wide ranges for the decomposition for parameterisations consistent with the joint change. A differentiated goods model which generalises Heckscher-Ohlin removes problems of specialisation and concentrates the range of decompositions more narrowly, but introduces larger demand side responses to trade shocks which greatly reduce the effect of trade. The conclusion offered is that the choice of structural model matters for decomposing observed wage changes into trade and technology components, and that reduced-form methods which do not discriminate between alternative structural models may not be that informative for such decompositions. |
| Physical Description: | 30 S. |
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| 520 | |a This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of specialisation unless price changes accompanying trade shocks are small, and can also produce wide ranges for the decomposition for parameterisations consistent with the joint change. A differentiated goods model which generalises Heckscher-Ohlin removes problems of specialisation and concentrates the range of decompositions more narrowly, but introduces larger demand side responses to trade shocks which greatly reduce the effect of trade. The conclusion offered is that the choice of structural model matters for decomposing observed wage changes into trade and technology components, and that reduced-form methods which do not discriminate between alternative structural models may not be that informative for such decompositions. | ||
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| indexdate | 2024-07-09T18:39:56Z |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Abrego, Lisandro Verfasser aut The choice of structural model in trade-wages decompositions Lisandro Abrego ; John Whalley Cambridge, Mass. 1999 30 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7312 This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of specialisation unless price changes accompanying trade shocks are small, and can also produce wide ranges for the decomposition for parameterisations consistent with the joint change. A differentiated goods model which generalises Heckscher-Ohlin removes problems of specialisation and concentrates the range of decompositions more narrowly, but introduces larger demand side responses to trade shocks which greatly reduce the effect of trade. The conclusion offered is that the choice of structural model matters for decomposing observed wage changes into trade and technology components, and that reduced-form methods which do not discriminate between alternative structural models may not be that informative for such decompositions. Heckscher-Ohlin principle Wage differentials Whalley, John 1947- Verfasser (DE-588)128956879 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 7312 (DE-604)BV002801238 7312 http://papers.nber.org/papers/w7312.pdf kostenfrei Volltext |
| spellingShingle | Abrego, Lisandro Whalley, John 1947- The choice of structural model in trade-wages decompositions National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Heckscher-Ohlin principle Wage differentials |
| title | The choice of structural model in trade-wages decompositions |
| title_auth | The choice of structural model in trade-wages decompositions |
| title_exact_search | The choice of structural model in trade-wages decompositions |
| title_full | The choice of structural model in trade-wages decompositions Lisandro Abrego ; John Whalley |
| title_fullStr | The choice of structural model in trade-wages decompositions Lisandro Abrego ; John Whalley |
| title_full_unstemmed | The choice of structural model in trade-wages decompositions Lisandro Abrego ; John Whalley |
| title_short | The choice of structural model in trade-wages decompositions |
| title_sort | the choice of structural model in trade wages decompositions |
| topic | Heckscher-Ohlin principle Wage differentials |
| topic_facet | Heckscher-Ohlin principle Wage differentials |
| url | http://papers.nber.org/papers/w7312.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT abregolisandro thechoiceofstructuralmodelintradewagesdecompositions AT whalleyjohn thechoiceofstructuralmodelintradewagesdecompositions |