English, Article edition: Trade, technology, and unemployment: the role of endogenous skill formation Udo Kreickemeier

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Bookmark: http://trove.nla.gov.au/version/162647
Physical Description
  • article
Language
  • English

Edition details

Title
  • Trade, technology, and unemployment: the role of endogenous skill formation
Author
  • Udo Kreickemeier
Physical Description
  • article
Notes
  • world, where the two countries (`Europe' and `America') differ in their preferences towards wage inequality. Fair wage considerations compress wage differentials in both countries. European workers are more averse to wage inequality, and Europe is characterized by lower wage differentials and higher unemployment. Allowing for endogenous skill formation, the effects of a globalization shock, global technological change, and a change in the educational capital stock on skill premia and employment levels are derived. In contrast to a model with exogenous factor supplies, international wage and unemployment differentials are affected by global shocks.
  • RePEc:cje:issued:v:42:y:2009:i:2:p:639-664
Language
  • English
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