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Global Integration and Wages in a General Equilibrium World Model: Contributions of WorldScan

In: Global Trade and European Workers

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  • Richard Nahuis

Abstract

A decline in real wages of 11 per cent in the USA in the 1980s! Are we living in an age of diminished prosperity? This decline in real wages was not just experienced by a small fraction of all workers. Less-skilled workers have actually been facing declining wages for a long period. Somewhat counterintuitively, this decline in the relative wage of less-skilled workers has been paralleled by an increase in the relative skill level in the work force.

Suggested Citation

  • Richard Nahuis, 1999. "Global Integration and Wages in a General Equilibrium World Model: Contributions of WorldScan," Palgrave Macmillan Books, in: Paul Brenton & Jacques Pelkmans (ed.), Global Trade and European Workers, chapter 6, pages 123-146, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-27035-4_6
    DOI: 10.1007/978-1-349-27035-4_6
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    Citations

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    Cited by:

    1. Ayodele, Olumide S. & Obafemi, Frances N., 2006. "Fiscal and Quasi-Fiscal Effects of the Parallel Exchange Premium in Nigeria," Conference papers 331503, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Niven Winchester, 2008. "Searching for the Smoking Gun: Did Trade Hurt Unskilled Workers?," The Economic Record, The Economic Society of Australia, vol. 84(265), pages 141-156, June.
    3. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    4. Michael Pflüger, 2003. "Trade, Technology and Labour Markets: Empirical Controversies in the Light of the Jones Model," Discussion Papers of DIW Berlin 328, DIW Berlin, German Institute for Economic Research.
    5. Yunker, James A., 2004. "Could a Global Marshall Plan be Successful? An Investigation Using The WEEP Simulation Model," World Development, Elsevier, vol. 32(7), pages 1109-1137, July.
    6. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111, CPB Netherlands Bureau for Economic Policy Analysis.
    7. Lücke, Matthias, 1999. "Sectoral value added prices, TFP growth, and the low-skilled wage in high-income countries," Kiel Working Papers 923, Kiel Institute for the World Economy (IfW Kiel).

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