Addendum: The imputed effects of US tariffs on wages

被引:1
|
作者
Thompson, Alexi [1 ]
Thompson, Henry [2 ]
机构
[1] South Carolina State Univ, Dept Accounting Agribusiness & Econ, Orangeburg, SC 29117 USA
[2] Auburn Univ, Dept Econ, 125 Miller Hall, Auburn, AL 36849 USA
关键词
Tariffs; Skilled wages; TIME-SERIES; TRADE; PROTECTION;
D O I
10.1016/j.iref.2023.03.045
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This addendum to a recent paper in this journal finding no imputed effect of US tariffs on the average wage separates the skilled wage based on a college degree. The imputed effect attributes all variation in the price of import competing goods to tariffs. Second order error correction estimates based on a factor proportions model with annual data from 1983 to 2019 prove reliable with fixed capital assets imbedding technological progress. Tariffs lower the skilled wage but have no effect on the "unskilled" wage. The implication in the factor proportions model is that tariffs raise the capital return.
引用
收藏
页码:564 / 569
页数:6
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