European Unemployment, US Wages, and the Asian Emergence

Rodney Tyers and Yong Yang

Working Papers from Australian National University - Department of Economics

Abstract: This paper adapts a more general yet standard global model to investigate international effects of wage regulation and of the Asian emergence. The Davis result that European unemployment raises the wage in the US is supported, though the generalisations in our model greatly weaken it. By contrast the Asian emergence is found to confer on the northern economies a terms of trade gain and overall economic expansion. The effect is to reduce, rather than increase, European unemployment even while it raises European wage inequality.

Keywords: TRADE; WAGES; UNEMPLOYMENT (search for similar items in EconPapers)
JEL-codes: F02 F13 J31 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:fth:aunaec:367

Access Statistics for this paper

More papers in Working Papers from Australian National University - Department of Economics THE AUSTRALIAN NATIONAL UNIVERSITY, DEPARTMENT OF ECONOMICS, RESEARCH SCHOOL of PACIFIC STUDIES, RESEARCH SCHOOL OF SOCIAL SCIENCES, G.P.O. 4, CANBERRA ACT 2601 AUSTRALIA..O. BOX 4 CANBERRA 2601 AUSTRALIA.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().