Globalisation vs Skill‐Biased Technological Change
Implications for Unemployment and Wage Inequality
Bibliographic Data
| ID | 9717986 |
|---|---|
| Authors | Mark P Moore (0000-0002-3938-510X, University of California, Irvine), Priya Ranjan (0000-0003-3820-3092, University of California, Irvine) |
| Year | 2005 |
| Volume | 115 |
| Issue | 503 |
| Pages | 391-422 |
| Publication date | 2005-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2005.00994.x |
| OpenAlex | W2043705337 |
| Language | EN |
| Citations received | 13 |
| References cited | 25 |
Globalisation and skill-biased technological change have emerged as alternative explanations for the increase in US wage inequality since 1980. We investigate the static and dynamic effects of these shocks on unemployment across skill classes using a model of search unemployment. Although we confirm that globalisation and skill-biased technological change both lead to increases in wage inequality, we show that these shocks may have different effects on unemployment. We also show that labour market institutions play a role in determining the size of shocks, which formalises an argument in Krugman (1994) about the labour market experiences of the US and Europe since 1980. Copyright 2005 Royal Economic Society
Argument (complex analysis · Economics · Globalization · Inequality · Labour economics · Macroeconomics · Market economy · Technological change · Unemployment · Wage · Wage Inequality · Economic Theory and Policy · Employment and Welfare Studies · Labor market dynamics and wage inequality
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| Unique citing works | 13 |
|---|---|
| Citations per year | 0,68 |
| Citation span | 2007 - 2026 (20) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 13 |