Trade, GVCs, and wage inequality: Theoretical and empirical insights

Nicola Gagliardi, Benoit Mahy and Francois Rycx

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: A prominent issue in current debates is the coincidence between growing within-country disparities in the labor income distribution and countries' increasing exposure to globalization. This article contributes to such discussions by providing an overview of the main theoretical and empirical literature on the link between globalization and a component of income inequality: wage inequality. Specific attention is paid to the role of trade, in the form of exports and imports, and global value chains (GVCs). This review emphasizes that in-depth consideration of several intertwined mechanisms is necessary in order to accurately address trade-induced inequality concerns.

Keywords: Global value chains; Labor markets; Trade; Wage inequality (search for similar items in EconPapers)
Date: 2020-03-01
Note: SCOPUS: re.j
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Published in: Reflets et perspectives de la vie économique (2020) v.58 n° 2,p.115-134

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Related works:
Journal Article: Trade, GVCs, and wage inequality: Theoretical and empirical insights (2020)
Working Paper: Trade, GVCs and Wage Inequality: Theoretical and Empirical Insights (2020)
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