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  1. Trade, labor market rigidities, and government financed technological change
    Autor*in: Koeniger, Winfried
    Erschienen: 2001
    Verlag:  IZA, Bonn

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  2. Trade, labor market rigidities, and government-financed technological change
    Autor*in: Koeniger, Winfried
    Erschienen: 2001
    Verlag:  IZA, Bonn

    This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We propose an explanation of the stylized facts which is based on interactions between openness and technological change because of labor... mehr

    Standort:
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    Signatur:
    KAP 11445
    Fernleihe:
    uneingeschränkte Fernleihe, Kopie und Ausleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    W 1194 (241)
    Fernleihe:
    uneingeschränkte Fernleihe, Kopie und Ausleihe

    Standort:
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    Signatur:
    98/464 B-241
    Fernleihe:
    keine Fernleihe

     

    This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We propose an explanation of the stylized facts which is based on interactions between openness and technological change because of labor market institutions and government intervention. In particular, technology change is induced by rigid wage elements for a developed economy which is trading with less developed countries. With a binding minimum wage and given commodity prices, openness induces the government to subsidize technological innovation in the developed country because production activities in the sector hit by foreign competition would have to close down otherwise. The economy with a binding minimum wage and institutionally induced innovations differs from the flexible economy in the following way: - The wage differential becomes more compressed the higher the minimum wage. Not only the wage of the unskilled is higher, but also the wage of the skilled is lower. - The productivity of unskilled workers is higher in the sector intensive in its use. - Skill intensity within the unskilled-labor intensive sector can rise although the wage of the skilled rises as well. This perspective may explain why empirical studies have difficulties to find substantial effects of openness on wage differentials although product markets have become increasingly integrated. Moreover, it can explain why the volume of trade between developed and less-developed countries is relatively small. Finally our model yields predictions for developed countries with different labor market institutions that are consistent with empirical evidence.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 241
    Schlagworte: Lohnstruktur; Fachkräfte; Ungelernte Arbeitskräfte; Faktorproportionentheorem; Internationale Wirtschaft; Internationaler Wettbewerb; Technischer Fortschritt; Arbeitskosten; Forschungsfinanzierung; Nord-Süd-Beziehungen; Theorie; OECD-Staaten
    Umfang: 52 S, graph. Darst
    Bemerkung(en):

    Literaturverz. S. 47 - 52
  3. Trade labor, market rigidities, and government-financed technological change
    Autor*in: Koeniger, Winfried
    Erschienen: 2001
    Verlag:  Institute for the Study of Labor (IZA), Bonn

    This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We propose an explanation of the stylized facts which is based on interactions between openness and technological change because of labor... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4 (241)
    Fernleihe:
    keine Fernleihe

     

    This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We propose an explanation of the stylized facts which is based on interactions between openness and technological change because of labor market institutions and government intervention. In particular, technology change is induced by rigid wage elements for a developed economy which is trading with less developed countries. With a binding minimum wage and given commodity prices, openness induces the government to subsidize technological innovation in the developed country because production activities in the sector hit by foreign competition would have to close down otherwise. The economy with a binding minimum wage and institutionally induced innovations differs from the flexible economy in the following way: - The wage differential becomes more compressed the higher the minimum wage. Not only the wage of the unskilled is higher, but also the wage of the skilled is lower. - The productivity of unskilled workers is higher in the sector intensive in its use. - Skill intensity within the unskilled-labor intensive sector can rise although the wage of the skilled rises as well. This perspective may explain why empirical studies have difficulties to find substantial effects of openness on wage differentials although product markets have become increasingly integrated. Moreover, it can explain why the volume of trade between developed and less-developed countries is relatively small. Finally our model yields predictions for developed countries with different labor market institutions that are consistent with empirical evidence.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/21089
    Schriftenreihe: IZA Discussion paper series ; 241
    Schlagworte: Lohnstruktur; Fachkräfte; Ungelernte Arbeitskräfte; Faktorproportionentheorem; Internationale Wirtschaft; Internationaler Wettbewerb; Technischer Fortschritt; Arbeitskosten; Forschungsfinanzierung; Nord-Süd-Beziehungen; Theorie; OECD-Staaten
    Umfang: Online-Ressource (52 S.), graph. Darst.