Income Inequality and Trade: How to Think, What to Conclude
Open Access
- 1 August 1995
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 9 (3) , 33-55
- https://doi.org/10.1257/jep.9.3.33
Abstract
Recent econometric work and growing analytical consensus suggest that exogenous international market pressures are a contributing factor to trends in U.S. wage/earnings inequality. Trade accounts for a share of these inequality trends close to or somewhat greater than its 10-15 percent share of economic activity, especially over medium-term horizons and dependent on precise definition. Trade is neither a trivial influence nor a dominant one. Evidence exists that its influence has declined slightly in the past decade, however. Rapid technological growth in exportable sectors seems more important.Keywords
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