The Effect of Globalization on Wages in the Advanced Economies /

This paper examines the effect of globalization on labor markets in the advanced economies, focusing particularly on the claim that increased economic integration has widened the gap between the wages of more skilled and less skilled workers. The broad consensus of research is that globalization, bo...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Swagel, Phillip
Weitere Verfasser: Slaughter, Matthew
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1997.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1997/043
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung:This paper examines the effect of globalization on labor markets in the advanced economies, focusing particularly on the claim that increased economic integration has widened the gap between the wages of more skilled and less skilled workers. The broad consensus of research is that globalization, both in terms of increased trade as well as increased capital mobility and foreign direct investment, has had only a modest effect on wages. Instead, changes in technology have led to a pervasive shift in demand for labor that has favored skilled workers to the detriment of less skilled workers.
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Beschreibung:1 online resource (33 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Zugangseinschränkungen:Electronic access restricted to authorized BRAC University faculty, staff and students