Phases of Globalization, Wages and Inequality
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Phases of Globalization, Wages and Inequality
Author(s) :
Hellier, Joël [Auteur]
Laboratoire d'économie et de management de Nantes Atlantique [LEMNA]
Lille économie management - UMR 9221 [LEM]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Laboratoire d'économie et de management de Nantes Atlantique [LEMNA]
Lille économie management - UMR 9221 [LEM]
Economie Quantitative, Intégration, Politiques Publiques et Econométrie [EQUIPPE]
Journal title :
Open Economies Review
Pages :
905-931
Publisher :
Springer Verlag
Publication date :
2019-11
ISSN :
0923-7992
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
To analyse the globalization-wages-inequality relationship, we extend the North-South Heckscher-Ohlin-Samuelson (HOS) model by assuming (i) that the size of the South (emerging countries) increases over time, (ii) that the ...
Show more >To analyse the globalization-wages-inequality relationship, we extend the North-South Heckscher-Ohlin-Samuelson (HOS) model by assuming (i) that the size of the South (emerging countries) increases over time, (ii) that the North (advanced countries) and the South have very different factor endowments, (iii) several northern and southern countries with different skill endowments, and (iv) North-South technological differences, productivity catching up and technological transfers. The model generates three phases of globalization, corresponding to different production patterns and to specific changes in inequality in the North and in the South. In the North, inequality continuously increases and unskilled workers purchasing power continuously decreases during the first phase of globalization, and inequality diverges across countries. In the South, very different profiles in terms of inequality dynamics are possible, depending on the country’s skill endowment and on the its technological gap with the North. Unlike the traditional North-South HOS approach, the model’s predictions fit with observed facts.Show less >
Show more >To analyse the globalization-wages-inequality relationship, we extend the North-South Heckscher-Ohlin-Samuelson (HOS) model by assuming (i) that the size of the South (emerging countries) increases over time, (ii) that the North (advanced countries) and the South have very different factor endowments, (iii) several northern and southern countries with different skill endowments, and (iv) North-South technological differences, productivity catching up and technological transfers. The model generates three phases of globalization, corresponding to different production patterns and to specific changes in inequality in the North and in the South. In the North, inequality continuously increases and unskilled workers purchasing power continuously decreases during the first phase of globalization, and inequality diverges across countries. In the South, very different profiles in terms of inequality dynamics are possible, depending on the country’s skill endowment and on the its technological gap with the North. Unlike the traditional North-South HOS approach, the model’s predictions fit with observed facts.Show less >
Language :
Anglais
Popular science :
Non
Collections :
Source :