Quantifying the Impact of Tradeon Wages: The Role of Nontraded Goods
This paper uses an applied general equilbrium model to decompose the effects of changes in trade and technology-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade-related variables (tariff cuts, improvement in the ter...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 02/191 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper uses an applied general equilbrium model to decompose the effects of changes in trade and technology-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade-related variables (tariff cuts, improvement in the terms of trade, and the increase in the trade deficit) had little impact on the widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the rise in the skilled wage relative to the unskilled wage was differential rates of growth in skill-biased technical change across sectors. The paper also highlights the role that nontraded goods play in explaining the wage gap. Finally, the paper presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that expanding trade could actually reduce wage inequality, rather than increase it. The welfare costs to the U.S economy of moving to autarky (using 1996 as a base) are about 6 percent of GDP |
| Beschreibung: | 1 Online-Ressource (31 p) |
| ISBN: | 1451859724 9781451859720 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:30Z |
| institution | BVB |
| isbn | 1451859724 9781451859720 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Tokarick, Stephen Verfasser aut Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods Tokarick, Stephen Washington, D.C International Monetary Fund 2002 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/191 This paper uses an applied general equilbrium model to decompose the effects of changes in trade and technology-related variables on wages of skilled and unskilled labor between 1982 and 1996 in the United States. The results indicate that trade-related variables (tariff cuts, improvement in the terms of trade, and the increase in the trade deficit) had little impact on the widening wage gap. Also, changes in total factor productivity had a small effect on relative wages. The major factor behind the rise in the skilled wage relative to the unskilled wage was differential rates of growth in skill-biased technical change across sectors. The paper also highlights the role that nontraded goods play in explaining the wage gap. Finally, the paper presents estimates of the effect of trade on wages by calculating what wage rates would be under autarky. The results show that expanding trade could actually reduce wage inequality, rather than increase it. The welfare costs to the U.S economy of moving to autarky (using 1996 as a base) are about 6 percent of GDP Online-Ausg http://elibrary.imf.org/view/IMF001/05515-9781451859720/05515-9781451859720/05515-9781451859720.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Tokarick, Stephen Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods |
| title | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods |
| title_auth | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods |
| title_exact_search | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods |
| title_exact_search_txtP | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods |
| title_full | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods Tokarick, Stephen |
| title_fullStr | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods Tokarick, Stephen |
| title_full_unstemmed | Quantifying the Impact of Tradeon Wages The Role of Nontraded Goods Tokarick, Stephen |
| title_short | Quantifying the Impact of Tradeon Wages |
| title_sort | quantifying the impact of tradeon wages the role of nontraded goods |
| title_sub | The Role of Nontraded Goods |
| url | http://elibrary.imf.org/view/IMF001/05515-9781451859720/05515-9781451859720/05515-9781451859720.xml |
| work_keys_str_mv | AT tokarickstephen quantifyingtheimpactoftradeonwagestheroleofnontradedgoods |