INTERNATIONAL CAPITAL FLOW, VANISHING INDUSTRIES AND TWO-SIDED WAGE INEQUALITY

被引：5
|
作者：
Marjit, Sugata [1 ,2 ]
Kar, Saibal [1 ,3 ]
机构：
[1] Ctr Studies Social Sci, Kolkata, W Bengal, India
[2] Leverhulme Trust, Univ Nottingham, GEP, Nottingham, England
[3] IZA, Bonn, Germany
来源：
PACIFIC ECONOMIC REVIEW | 2013年 / 18卷 / 05期
关键词：
FOREIGN DIRECT-INVESTMENT; RELATIVE WAGES; EMIGRATION; ECONOMY;
D O I：
10.1111/1468-0106.12041
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper shows that international capital flow can lead to a rise in the relative wage between skilled and unskilled workers simultaneously in both capital-exporting and capital-importing nations. The impossibility of two-sided wage inequality as an outcome of exogenous shocks has been previously discussed in the literature. We argue that such a result is highly probable when some industries vanish following changes in factor prices as a consequence of factor flows. The asymmetry in the nature of finite changes is the critical factor.
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页码：574 / 583
页数：10
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