Recent findings on trade and inequality
By: Ann Harrison, John McLaren, Margaret S. McMillan
Contributors: Mclaren, John; McMillan, Margaret Stokes; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16425
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model.  As a result, economists moved away from trade as a plausible explanation for rising income inequality.  In recent years, however, a number of new mechanisms have been explored through which trade can affect (and usually increase) income inequality.  These include within-industry effects due to heterogeneous firms; effects of offshoring of tasks; effects on incomplete contracting; and effects of labor-market frictions.  A number of these mechanisms have received substantial empirical support"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/28/2010.

Includes bibliographical references.

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