Arbeitspapier
Are US wages really determined by European labor-market institutions?
This paper integrates institutionally determined wage rigidities into an otherwise standard Heckscher-Ohlin model of international trade. It accounts for differences in individual productivities and their implications for individual wage incomes and demand for education. Although preserving the factor-price-equalization property of the global equilibrium approach, the model does not support the view expressed by Davis (1998) that global equilibrium links insulate the US labor market from exogenous shocks. It provides a foundation of the derived from comparative studies that do not consistently account for the global general equilibrium links.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 1817
- Klassifikation
-
Wirtschaft
Neoclassical Models of Trade
Wage Level and Structure; Wage Differentials
- Thema
-
wage rigidities
international trade
education
skill-specific unemployment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Meckl, Jürgen
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.06.0030, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Meckl, Jürgen
- Institute for the Study of Labor (IZA)
Entstanden
- 2005
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