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Commerce, technologie, et chômage: le rôle du processus endogène de développement des habiletés.
Author(s) -
Kreickemeier Udo
Publication year - 2009
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2009.01522.x
Subject(s) - economics , unemployment , wage , wage inequality , labour economics , globalization , technological change , shock (circulatory) , stock (firearms) , inequality , efficiency wage , macroeconomics , market economy , medicine , mechanical engineering , mathematical analysis , mathematics , engineering
This paper analyses trade in an asymmetric 2 × 2 × 2 world, where the two countries (‘Europe’ and ‘America’) differ in their preferences towards wage inequality. Fair wage considerations compress wage differentials in both countries. European workers are more averse to wage inequality, and Europe is characterized by lower wage differentials and higher unemployment. Allowing for endogenous skill formation, the effects of a globalization shock, global technological change, and a change in the educational capital stock on skill premia and employment levels are derived. In contrast to a model with exogenous factor supplies, international wage and unemployment differentials are affected by global shocks.