Trade, Technology and Wages: General Equilibrium Mechanics

Joseph Francois and Douglas Nelson

No 1919, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper highlights analytical reasons why we believe trade and technology are linked to wage movements in general, and how we should organize our examination of the recent episode of wage and employment erosion in the OECD countries. We start with a graphic tour through the mechanics of general equilibrium theory on trade and wages. This provides a set of implied relationships between wages and factor intensity trends that, together, provide a casual test of the consistency of posited relationships with actual trends. Numeric analysis and a review of the general equilibrium empirical literature follow the theoretical overview.

Keywords: trade and employment; Trade and Wages; unskilled wages (search for similar items in EconPapers)
JEL-codes: F11 F12 J31 (search for similar items in EconPapers)
Date: 1998-07
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Citations: View citations in EconPapers (37)

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Related works:
Journal Article: Trade, Technology, and Wages: General Equilibrium Mechanics (1998)
Working Paper: Trade, Technology, and Wages: General Equilibrium Mechanics (1998)
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