Human capital, unemployment, and relative wages in a global economy

Donald Davis () and Trevor A. Reeve
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Trevor A. Reeve: https://www.federalreserve.gov/econres/trevor-a-reeve.htm

No 659, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a global economy. It builds on the models of Davis (1998a, b) of trade between a flexible-wage America and a rigid-wage Europe. To this it adds a model of human capital accumulation based on Findlay and Kierzkowski (1983). A variety of comparative statics are examined, including changes in educational capital and population, entry of new countries to the trading world, technical change, and a productivity slowdown. We derive the consequences for the skilled-to unskilled wage gap, unemployment, and skill composition.

Keywords: International trade; Human capital; Unemployment; Wages (search for similar items in EconPapers)
Date: 2000
New Economics Papers: this item is included in nep-edu and nep-lab
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Human Capital, Unemployment and Relative Wages in a Global Economy (1997)
Working Paper: Human Capital, Unemployment, and Relative Wages in a Global Economy (1997)
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