NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Human Capital, Unemployment, and Relative Wages in a Global Economy

Donald R. Davis, Trevor A. Reeve

NBER Working Paper No. 6133
Issued in August 1997
NBER Program(s):   ITI

This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe. To this it adds a model of human capital accumulation based on Findlay and Kierzkowski (1983). A variety of comparative statics are examined, including changes in educational capital and population, entry of new countries to the trading world, technical change, and a productivity slowdown. We derive the consequences for the skilled-to-unskilled wage gap, unemployment, and skill composition.

download in pdf format
   (854 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w6133

Published: Published as "Technology, Unemployment, and Relative Wages in a Global Economy", European Economic Review, Vol. 42, no. 9 (November 1998): 1613-1 633.

Users who downloaded this paper also downloaded* these:
Davis w5636 Technology, Unemployment, and Relative Wages in a Global Economy
Mincer w3838 Education and Unemployment
Helpman, Itskhoki, and Redding w14478 Inequality and Unemployment in a Global Economy
Heckman and Carneiro w9495 Human Capital Policy
Becker, Murphy, and Tamura Human Capital, Fertility, and Economic Growth
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us