|
If you are seeing this message, you may be experiencing temporary network problems. Please wait a few minutes and refresh the page. If the problem persists, you may wish to report it to your local Network Manager.
It is also possible that your web browser is not configured or not able to display style sheets. In this case, although the visual presentation will be degraded, the site should continue to be functional. We recommend using the latest version of Microsoft or Mozilla web browser to help minimise these problems.
Wiley InterScience | |||
  Pacific Economic ReviewVolume 12 Issue 1, Pages 117 - 128 Published Online: 6 Feb 2007 Journal compilation © 2010 Blackwell Publishing Asia Pty Ltd Published on behalf of the Hong Kong Economic Association
Abstract | References | Full Text: PDF (Size: 128K) | Related Articles | Citation Tracking  SPECIALIZATION, THE INTERMEDIATE NATURE OF TRADED PRODUCTS AND THE MYTH OF IMPORT DRIVEN WAGE INEQUALITY IN THE UNITED STATES Copyright © 2007 The Author Journal compilation © 2007 Blackwell Publishing Ltd ABSTRACTAbstract. Using a model that recognises the prevalent cross-country specialization in production and the intermediate nature of all traded products, I investigate the effect of observed trends in the prices of ordinary intermediate and semi-final imports on the expanding wage differential between skilled and unskilled labour in the USA. Contrary to widely accepted stylised facts, my results suggest that decreases in import prices increase both wage rates, while compressing their differential. Sources of wage dispersion are, however, found in skill-biased economy-wide dynamic processes of capital accumulation and technical change. | 
|
