Growth, Trade and Inequality in an Efficiency-Wage Framework
AbstractThe last twenty years have seen a rise of inequalities and a slowdown of growth in the US and Europe. It is common wisdom to interpret the rise of inequalities as the result of a skill-biased labor demand shift. While there is a strong evidence that such a shift has happened, this overlooks the fact that inequality has also markedly risen between individuals with the same qualification. Moreover, endogenous growth models usually predict that this kind of labor demand shift should have been growth enhancing.
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Bibliographic InfoPaper provided by UniversitÃ© PanthÃ©on-Sorbonne (Paris 1) in its series Papiers d'Economie MathÃ©matique et Applications with number 98.10.
Length: 18 pages
Date of creation: 1998
Date of revision:
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EFFICIENCY ; WAGES ; ECONOMIC GROWTH ; LABOUR MARKET ; INTERNATIONAL TRADE;
Find related papers by JEL classification:
- D33 - Microeconomics - - Distribution - - - Factor Income Distribution
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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