Are Your Wages Set in Beijing?

Richard Freeman

Journal of Economic Perspectives, 1995, vol. 9, issue 3, 15-32

Abstract: The economic troubles of less-skilled workers in the United States. and OECD-Europe during a period of rising manufacturing imports from third world countries has created a debate about whether, in a global economy, wages or employment are determined by the global rather than domestic labor-market conditions. One side argues that trade is all that matters; another side, that trade does not matter at all. The author rejects these polar views; empirical analysis has found modest but real trade effects in displacement of less-skilled labor and declines in the price of goods produced by low-skilled workers.

JEL-codes: F14 J23 J31 J64 (search for similar items in EconPapers)
Date: 1995
Note: DOI: 10.1257/jep.9.3.15
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (324)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/jep.9.3.15 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:jecper:v:9:y:1995:i:3:p:15-32

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

Journal of Economic Perspectives is currently edited by Enrico Moretti

More articles in Journal of Economic Perspectives from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().