International Trade and Real Wages
The facts indicate that real wage rates tend to be homogenous within the First World, but they exhibit significant differences between the First World and the Third World. The standard neoclassical trade model predicts real wage equalization across countries. This prediction is consistent with the...
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| Format: | Article |
| Language: | English |
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Pontificia Universidad Católica del Perú
2017-04-01
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| Series: | Economía |
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| Online Access: | http://revistas.pucp.edu.pe/index.php/economia/article/view/19793 |