Idea Exchange and Wage Inequality

Jiancai Pi and Ping Xu ()
Additional contact information
Ping Xu: Department of Economics, Nanjing University

Annals of Economics and Finance, 2023, vol. 24, issue 1, 69-89

Abstract: This paper investigates how idea exchange affects skilled-unskilled wage inequality. In the basic model with two sectors and full employment, an increase in the intensity of idea exchange in the skilled sector will expand wage inequality; however, an increase in the intensity of idea exchange in the unskilled sector will narrow down wage inequality. In most of the extended models, the main results are almost the same as those of the basic model. However, in the extended model with the skilled product employed in the unskilled sector, the main results are greatly different from those of the basic model. This paper embeds idea exchange into the framework of skilled-unskilled wage inequality.

Keywords: Idea exchange; Skilled-unskilled wage inequality; General equilibrium approach (search for similar items in EconPapers)
JEL-codes: J31 O12 O31 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://down.aefweb.net/AefArticles/aef240104PiXu.pdf (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:cuf:journl:y:2023:v:24:i:1:pixu

Access Statistics for this article

Annals of Economics and Finance is currently edited by Heng-fu Zou

More articles in Annals of Economics and Finance from Society for AEF Contact information at EDIRC.
Bibliographic data for series maintained by Qiang Gao ().