The Effect of Globalization on Wages in the Advanced Economies

IMF Working Paper No. 97/43

Posted: 16 May 1998

See all articles by Matthew J. Slaughter

Matthew J. Slaughter

Dartmouth College - Tuck School of Business; National Bureau of Economic Research (NBER)

Phillip Swagel

Northwestern University - Department of Economics; International Monetary Fund (IMF)

Multiple version iconThere are 2 versions of this paper

Date Written: 1997

Abstract

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

Slaughter, Matthew J. and Swagel, Phillip, The Effect of Globalization on Wages in the Advanced Economies (1997). IMF Working Paper No. 97/43. Available at SSRN: https://ssrn.com/abstract=55105

Matthew J. Slaughter (Contact Author)

Dartmouth College - Tuck School of Business ( email )

Hanover, NH 03755
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
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Phillip Swagel

Northwestern University - Department of Economics ( email )

2003 Sheridan Road
Evanston, IL 60208
United States
(847) 491-8219 (Phone)

International Monetary Fund (IMF) ( email )

700 19th Street NW
IMF Room 10-612F
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(202) 623-7301 (Phone)
(202) 623-6343 (Fax)

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