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| Author: | Acemoglu, D. |
| Title: | Patterns of skill premia |
| Journal: | Review of Economic Studies
2003 : VOL. 70:2(243), p. 199-230 |
| Index terms: | Economic theory Skilled workers Technology USA |
| Language: | eng |
| Abstract: | The most important result of this paper is that increased international trade induces skill-biased technical change. As a result, trade opening can cause a rise in inequality both in the U.S. and the less developed countries, and thanks to the induced skill-biased technical change, this can happen without a rise in the relative prices of skill-intensive goods in the U.S., which is the usual intervening mechanism in the standard trade models. |
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