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Human Capital, Unemployment, and Relative Wages in a Global Economy / Donald R. Davis, Trevor A. Reeve.
- Format:
- Book
- Author/Creator:
- Davis, Donald R.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6133.
- NBER working paper series no. w6133
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1997.
- Summary:
- This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe. To this it adds a model of human capital accumulation based on Findlay and Kierzkowski (1983). A variety of comparative statics are examined, including changes in educational capital and population, entry of new countries to the trading world, technical change, and a productivity slowdown. We derive the consequences for the skilled-to-unskilled wage gap, unemployment, and skill composition.
- Notes:
- Print version record
- August 1997.
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