Working paper icon

Working paper

Factor Market Linkages in a Global Economy.

Abstract:

This paper considers linkages between national labour markets in a global economy, extending the existing analyses to the empirically important case where factor price equalization does not hold. Removing the assumption of factor price equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe's minimum wage forces it out of the labour intensive industry, leaving it specialised in the skill intensive industry, and with a ...

Expand abstract

Actions


Access Document


Files:

Authors


Publisher:
Department of Economics (University of Oxford)
Series:
Discussion paper series
Publication date:
2000-01-01
Language:
English
UUID:
uuid:3e6b05c4-38ef-48f4-b9be-a1c1f22b9114
Local pid:
ora:1074
Deposit date:
2011-08-16

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP