@techreport{NBERw6133,
 title = "Human Capital, Unemployment, and Relative Wages in a Global Economy",
 author = "Donald R. Davis and Trevor A. Reeve",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "6133",
 year = "1997",
 month = "August",
 URL = "http://www.nber.org/papers/w6133",
 abstract = {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.},
}