Occupational Wages and Globalization
Author(s)
William R. DiPietro
ABSTRACT
Using a country’s trade share as a measure of globalization, this paper employs cross country regression analysis on 161 occupations for the year 2000 to assess whether globalization has a negative effect on occupational wages. The results are consistent with the notion that greater integration of national economies with the rest of the world adversely affects occupational wages in many occupations within countries.
Using a country’s trade share as a measure of globalization, this paper employs cross country regression analysis on 161 occupations for the year 2000 to assess whether globalization has a negative effect on occupational wages. The results are consistent with the notion that greater integration of national economies with the rest of the world adversely affects occupational wages in many occupations within countries.
Cite this paper
nullW. DiPietro, "Occupational Wages and Globalization," iBusiness, Vol. 3 No. 2, 2011, pp. 169-177. doi: 10.4236/ib.2011.32023.
nullW. DiPietro, "Occupational Wages and Globalization," iBusiness, Vol. 3 No. 2, 2011, pp. 169-177. doi: 10.4236/ib.2011.32023.
References
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[1] R. B. Freedman and R. H. Oostendorp, “Occupational Wages Around the World (OWW) Database,” 2010. http:// www. nber.org/oww/ [2] D. Rodrik, “Capital Mobility and Labor,” 1998. http:// www.hks.harvard.edu/m-rcbg/research/d.rodrik_ksg_capital.mobility.and.labor.pdf [3] I. Diwan, “Debt as Sweat: Labor, Financial Crises, and the Globalization of Capital,” The World Bank, Paper Draft, 2001. http://info.worldbank.org/etools/docs/voddocs/150/ 332/diwan.pdf [4] S. Hayter, “A Fair Globalization: The Role of Collective Bargaining in Stemming the Rising Tide of Ine-quality in Earnings and Income,” International Journal of La-bour Research, Vol. 1, No. 2, 2009, pp. 27-42. [5] J. Burke and G. Epstein, “Threat Effects and the Internationalization of Production,” Political Economy Research Institute, working paper number 15, 2001. http:// scholar-works.umass.edu/cgi/viewcontent.cgi?article=1009&context=peri_workingpapers [6] A. Guscina, “Effects of Globalization on Labor’s Share in National Income,” International Monetary Fund, working paper number 294, 2006. http://www.imf.org/external/ pubs/ft/wp/2006/wp06294.pdf [7] J. S. Arbache, A. Dickerson and F. Green, “Trade Liberalization and Wages in Developing Countries,” The Economic Journal, Vol. 114, No. 493, 2004, pp. F73-F96. doi:10.1111/j.0013-0133.2004.00188.x [8] J. Robinson, “The Economics of Imperfect Competition,” 2nd Edition, Macmillan, London, 1959. [9] World Bank, “World Development Indi-cators,” CD-Rom, 2005.