Series: IMF Working Papers
Author(s): Ichiro Tokutsu , and Mika Saito
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
Keywords: wage, skilled labor, tariff rates, intermediate inputs, Neoclassical Models of Trade, Country and Industry Studies of Trade, Trade and Labor Market Interactions, Existence and Stability Conditions of Equilibrium,
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 i...