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International Trade and American Wages in General Equilibrium, 1967 - 1995

James Harrigan

No 6609, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the US has become more integrated into the world economy prices of final goods have changed, the capital stock has more than doubled has become steadily more educated. This paper estimates a flexible, empirical equilibrium model of wage determination in an attempt to sort out the connections between these trends. Aggregate data on prices and quantities of imports, outputs, and factor supplies are constructed from disaggregate sources. The econometric analysis concludes that wage inequality has been partly driven by changes in relative factor supplies and relative final goods prices. In contrast, imports have played a negligible direct role.

JEL-codes: F1 F16 (search for similar items in EconPapers)
Date: 1998-06
Note: ITI
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published as International Trade and American Wages in General Equilibrium, 1967-1995 , James Harrigan . in The Impact of International Trade on Wages , Feenstra. 2000

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Chapter: International Trade and American Wages in General Equilibrium, 1967-1995 (2000) Downloads
Working Paper: International trade and American wages in general equilibrium, 1967-1995 (1998) Downloads
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