Arbeitspapier
Sectoral value added prices, TFP growth, and the low-skilled wage in high-income countries
This econometric analysis investigates the impact of changes in sectoral valueadded prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage, relative to the remuneration of human capital, during the 1970s, but a decrease during the 1980s. This is consistent with the observation that, in most sample countries, the relative wage and employment opportunities of low-skilled workers tended to improve until about 1980, but have deteriorated since then. While the regression results suggest that technological change played a large role in shifting labour demand against low-skilled workers, this conclusion is qualified because the empirical evidence is also compatible with product upgrading and outsourcing of low-skill intensive production activities to low-income countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 923
- Klassifikation
-
Wirtschaft
Trade and Labor Market Interactions
Technological Change: Choices and Consequences; Diffusion Processes
- Thema
-
Ungeschützte Beschäftigung
Lohnstruktur
Arbeitsnachfrage
Außenwirtschaft
Faktorproportionentheorem
Faktorpreisausgleich
Technischer Fortschritt
Produktivität
Humankapital
Mehr-Sektoren-Modell
Auslandsproduktion
Schätzung
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lücke, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
1999
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lücke, Matthias
- Kiel Institute of World Economics (IfW)
Entstanden
- 1999
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