International Trade and Labour-market Outcomes: Results, Questions, and Policy Options

Three aspects of recent research on the effect of international trade on labor markets are addressed. Recent research on trade's contribution to rising wage inequality between more-skilled and less-skilled workers is surveyed. Despite unresolved methodological differences, the current consensus...

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Bibliographic Details
Published in:The Economic journal (London) 1998-09, Vol.108 (450), p.1452-1462
Main Author: Slaughter, Matthew
Format: Article
Language:English
Subjects:
Economic impact
Economic models
Economic theory
Employment policy
Factor prices
Heckscher Ohlin principle
Income inequality
International trade
Labor market
Labour demand
Labour market
Labour supply
Policy Forum: Trade and Labour Market Adjustment
Relative wages
Skilled workers
Studies
Trade
Trade barriers
Trade policy
Unemployment
Unskilled workers
Wage differentials
Wages
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Summary:Three aspects of recent research on the effect of international trade on labor markets are addressed. Recent research on trade's contribution to rising wage inequality between more-skilled and less-skilled workers is surveyed. Despite unresolved methodological differences, the current consensus is that trade accounts for a positive yet relatively small share of rising inequality. Some important limitations of the current understanding of trade's effects on labor-market outcomes are discussed. Research to date is linked to policy issues regarding both labor demand and labor supply.
ISSN:0013-0133
1468-0297
DOI:10.1111/1468-0297.00353