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Are Your Wages Set in Beijing?
Open accessAbstract
The economic troubles of less-skilled workers in the United States. and OECD-Europe during a period of rising manufacturing imports from third world countries has created a debate about whether, in a global economy, wages or employment are determined by the global rather than domestic labor-market conditions. One side argues that trade is all that matters; another side, that trade does not matter at all. The author rejects these polar views; empirical analysis has found modest but real trade effects in displacement of less-skilled labor and declines in the price of goods produced by low-skilled workers.
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Citations
Cited by
Feenstra, R. C., & Hanson, G. H. (1999) · The Quarterly Journal of Economics · doi:10.1162/003355399556179 · Cited by 1,542
The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade
Autor, D. H., Dorn, D., & Hanson, G. H. (2016) · Annual Review of Economics · doi:10.1146/annurev-economics-080315-015041 · Cited by 1,305
Globalization, the welfare state and right-wing populism in Western Europe
Swank, D. (2003) · Socio-Economic Review · doi:10.1093/soceco/1.2.215 · Cited by 622
Does Gentrification Harm the Poor?
Vigdor, J. L. (2002) · Brookings-Wharton Papers on Urban Affairs · doi:10.1353/urb.2002.0012 · Cited by 334
Foreign Direct Investment, inequality, and growth
Basu, P., & Guariglia, A. (2007) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2006.02.004 · Cited by 305
Metadata
- Authors
- Freeman, R. B.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 1995-08-01
- Volume
- 9
- Issue
- 3
- Pages
- 15-32
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2110183623
- Cited by
- 735
- References
- 0
- FWCI
- 66.30
- Type
- journal article
- Language
- en
- Open access
- bronze
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