The Effect of Globalization on Wages in the Advanced Economies
IMF Working Paper No. 97/43
Posted: 16 May 1998
Date Written: 1997
This paper examines the effect of globalization on labor markets in the advanced economies, focusing particulary on the claim that increased economic integration has widened the gap between the wages of more skilled and less skilled workers. The board consensus of research is that globalization, both in terms of increased trade as well as increased capital mobility and foreign direct investment, has had only a modest effect on wages.
JEL Classification: F10, J31
Suggested Citation: Suggested Citation