Human Capital, Unemployment and Relative Wages in a Global Economy

Donald Davis () and Trevor A. Reeve

Harvard Institute of Economic Research Working Papers from Harvard - Institute of Economic Research

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 (1997a,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, techniucal change, and a productivity slowdown. We derive the consequences for the skillled-to-unskilled wage gap, unemployment, and skill composition.

Date: 1997
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Related works:
Working Paper: Human capital, unemployment, and relative wages in a global economy (2000)
Working Paper: Human Capital, Unemployment, and Relative Wages in a Global Economy (1997)
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