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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

2012

Dartmouth College

International Economics

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Full-Text Articles in Social and Behavioral Sciences

Globalization And U.S. Wages: Modifying Classic Theory To Explain Recent Facts, Jonathan Haskel, Robert Z. Lawrence, Edward E. Leamer, Matthew J. Slaughter Jan 2012

Globalization And U.S. Wages: Modifying Classic Theory To Explain Recent Facts, Jonathan Haskel, Robert Z. Lawrence, Edward E. Leamer, Matthew J. Slaughter

Open Dartmouth: Faculty Open Access Scholarship

This paper seeks to review how globalization might explain the recent trends in real and relative wages in the United States. We begin with an overview of what is new during the last 10-15 years in globalization, productivity, and patterns of U.S. earnings. To preview our results, we then work through four main findings: First, there is only mixed evidence that trade in goods, intermediates, and services has been raising inequality between more- and less-skilled workers. Second, it is more possible, although far from proven, that globalization has been boosting the real and relative earnings of superstars. The usual ...