The Rôle of Relative Wage Differences in International Trade

K. Forchheimer

The Quarterly Journal of Economics, 1947, vol. 62, issue 1, 1-30

Abstract: Introduction: the problem, 1. — I. Examination of statistics: absolute wage differences and the ability to compete, 4; wages and the productivity of labor, 5; relative wages and their relation to exports, 8; cheap labor groups, 14. — II. The theory of relative wages: isolating the influence of wage differences on competitive power, 16; conditions under which a comparative advantage in wages is likely to be "decisive," 20; comparison with the doctrine of comparative costs, 25; importance of relative wages and the need for more statistics, 28.

Date: 1947
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