The Impact of International Trade on Wages

The Impact of International Trade on Wages

by Robert C. Feenstra
     
 

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Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing debate among policymakers and economists. Two competing theories have emerged…  See more details below

Overview

Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing debate among policymakers and economists. Two competing theories have emerged to explain this phenomenon, one focusing on international trade and labor market globalization as the driving force behind the devaluation of low-skill jobs, and the other focusing on the role of technological change as a catalyst for the escalation of high-skill wages.

This collection brings together innovative new ideas and data sources in order to provide more satisfying alternatives to the trade versus technology debate and to assess directly the specific impact of international trade on U.S. wages. This timely volume offers a thorough appraisal of the wage distribution predicament, examining the continued effects of technology and globalization on the labor market.

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Product Details

ISBN-13:
9780226239644
Publisher:
University of Chicago Press
Publication date:
04/15/2008
Series:
National Bureau of Economic Research Conference Report
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
416
File size:
9 MB

Meet the Author

Robert C. Feenstra is associate professor of economics at the University of California at Davis and is coeditor of the Journal for International Economics.

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