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Impact of International Trade with Asian Newly Industrialized Countries on Wages in the European Union

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  • Ludo Cuyvers
  • Michel Dumont
  • Glenn Rayp

Abstract

This paper deals with the effect of international trade with newly industrialized countries (NICs) on wage inequality in the European Union (EU). We apply a two‐stage mandated wage‐estimation procedure to assess the respective impact of trade and technology on the relative wages of low‐skilled workers. We find weak evidence of a positive impact on the wages of high‐skilled workers with regards to trade with high‐wage South‐East Asian NICs but no evidence for other groups of NICs. We also find evidence of technological change, induced by trade with high‐wage South‐East Asian NICs. However, this indirect effect of international trade seems to have reduced wage inequality in the EU.

Suggested Citation

  • Ludo Cuyvers & Michel Dumont & Glenn Rayp, 2003. "Impact of International Trade with Asian Newly Industrialized Countries on Wages in the European Union," Asian Economic Journal, East Asian Economic Association, vol. 17(4), pages 361-382, December.
    • Handle: RePEc:bla:asiaec:v:17:y:2003:i:4:p:361-382
    DOI: 10.1111/j.1467-8381.2003.00191.x
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    Cited by:

    1. Nathalie Chusseau & Michel Dumont & Joël Hellier, 2008. "Explaining Rising Inequality: Skill‐Biased Technical Change And North–South Trade," Journal of Economic Surveys, Wiley Blackwell, vol. 22(3), pages 409-457, July.
    2. DUMONT, Michel, "undated". "The social consequences of economic globalization," Working Papers 2006025, University of Antwerp, Faculty of Business and Economics.
    3. Dumont, Michel, 2004. "The Impact of International Trade with Newly Industrialised Countries on the Wages and Employment of Low-Skilled and High-Skilled Workers in the European Union," MPRA Paper 83525, University Library of Munich, Germany.
    4. Vesna Stavrevska, 2011. "The efficiency wages perspective to wage rigidity in the open economy: a survey," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(3), pages 273-299, June.
    5. Michel Dumont & Nikolina Stojanovska & Ludo Cuyvers, 2011. "World inequality, globalisation, technology and labour market institutions," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(3), pages 257-272, June.

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