International trade and American wages in general equilibrium, 1967-1995
By: James Harrigan.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 46; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 46.
Publisher: Federal Reserve Bank of New York
Published: 1998
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Wages -- Effect of international trade on -- United States -- Econometric models.; Wage differentials -- United States -- Econometric models.; Equilibrium (Economics) -- Econometric models.
Description: "In the last quarter century, wage inequality has increased dramatically in the United States.  At the same time, the United States has become more integrated into the world economy, relative prices of final goods have changed, the capital stock has more than doubled, and the labor force has become steadily more educated.  This paper estimates a flexible, empirical, general equilibrium model of wage determination in an attempt to sort out the connections between these trends.  Aggregate data on prices and quantities of imports, outputs, and factor supplies are constructed from disaggregate sources.  The econometric analysis concludes that wage inequality has been partly driven by changes in relative factor supplies and relative final goods prices.  In contrast, imports have played a negligible direct role"--Federal Reserve Bank of New York web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 2/2/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.