The Impact of Tradeon Wages : : What If Countries Are Not Small? / / Ichiro Tokutsu, Mika Saito

• Record Nr.: UNINA9910788414103321
• Autore: Tokutsu Ichiro
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2006
• ISBN: 1-4623-2760-5; 1-4527-0675-1; 1-283-51403-6; 1-4519-8299-2; 9786613826480
• Descrizione fisica: 1 online resource (40 p.)
• Collana: IMF Working Papers
• Altri autori (Persone): SaitoMika
• Soggetti: Equilibrium (Economics) - Econometric models; International trade - Econometric models; Prices - Econometric models; Wages - Econometric models; Exports and Imports; Labor; Taxation; Neoclassical Models of Trade; Empirical Studies of Trade; Trade and Labor Market Interactions; Existence and Stability Conditions of Equilibrium; Trade Policy; International Trade Organizations; Wages, Compensation, and Labor Costs: General; Trade: General; Professional Labor Markets; Occupational Licensing; Wage Level and Structure; Wage Differentials; Labour; income economics; Public finance & taxation; International economics; Tariffs; Wages; Imports; Skilled labor; Wage gap; Taxes; International trade; Tariff; Labor market; United States
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: "June 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. Introduction""; ""II. Literature Review""; ""III. The Model""; ""IV. Data""; ""V. Empirical Findings""; ""VI. Concluding Remarks""; ""APPENDIXES""; ""References""
• Sommario/riassunto: This paper explores the effect of trade on the relative wage of less-skilled labor through its effect on world prices, which are typically exogenously given under the small open economy assumption. Using the 1995 international input-output data for APEC member countries, we numerically simulate a general equilibrium model to study the effects of abolishing existing tariffs under the assumption that each member country is large enough to affect the prices of goods and services produced in the region. We find that the responsiveness of prices plays an important role in easing a possible adverse effect of trade on relative wages.