NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Capital Account Liberalization, Real Wages, and Productivity

Peter Blair Henry, Diego Sasson

NBER Working Paper No. 13880
Issued in March 2008

---- Acknowledgements -----

We thank Olivier Blanchard, Steve Buser, Brahima Coulibaly, Pierre-Olivier Gourinchas, Avner Greif, Nir Jaimovich, Pete Klenow, Anjini Kochar, John Pencavel, Paul Romer, Robert Solow, Ewart Thomas and seminar participants at Berkeley, the IMF, MIT, and Stanford for helpful comments. Henry gratefully acknowledges financial support from the Stanford Institute for Economic Policy Research (SIEPR), the Stanford Center for International Development (SCID), and the John and Cynthia Fry Gunn Faculty Fellow Award. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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