Wage structure effects of international trade in a small open economy: the case of Belgium |
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| Authors: | Philip Du Caju François Rycx Ilan Tojerow |
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| Institution: | (1) Research Department, National Bank of Belgium (NBB), Boulevard de Berlaimont 14, 1000 Brussels, Belgium;(2) Department of Applied Economics (DULBEA), Solvay Brussels School in Economics and Management (SBS-EM), Institute for the Study of Labor (IZA), Centre Emile Bernheim (CEB), Universite Libre de Bruxelles (ULB), CP114/02, Avenue FD Roosevelt 50, 1050 Brussels, Belgium;(3) Department of Applied Economics (DULBEA), Solvay Brussels School in Economics and Management (SBS-EM), Institute for the Study of Labor (IZA), Centre Emile Bernheim (CEB), National Fund for Scientific Research (FRS-FNRS), Universite Libre de Bruxelles (ULB), CP114/02, Avenue FD Roosevelt 50, 1050 Brussels, Belgium |
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| Abstract: | This paper investigates the impact of international trade on wage dispersion in a small open economy, Belgium. It is one of
the few to: (i) use detailed, matched employer-employee data to compute industry wage premia and disaggregated industry-level
panel data to examine the impact of changes in international trade on changes in wage differentials, (ii) simultaneously analyse
both imports and exports, and (iii) examine the impact of imports according to the country of origin. Looking at the export
side, we find (on the basis of the system generalized method of moments estimator) a positive effect of exports on industry
wage premia. The results also show that import penetration has a significant and negative impact on industry wage differentials.
However, the detrimental effect of imports on wages is found to be significantly greater when imports originate from low-
and middle-income countries than from high-income countries. |
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