首页 | 本学科首页   官方微博 | 高级检索  
     检索      


New goods and the skill premium
Authors:Chong Xiang
Institution:Purdue University, Economics Department, KRAN, 403 West State Street, West Lafayette, IN 47907, USA
Abstract:In a two-cone Heckscher-Ohlin model with CES preferences and a continuum of goods, new northern goods increase the northern skill premium if they are skilled-labor intensive, and may increase the premium if they are unskilled-labor intensive. Thus, the introduction of new goods into US technology could have done more to increase the US skill premium than a closed-economy model would predict. I also explore how new northern goods affect the southern skill premium and what happens if they generate preference-induced reversals across existing goods. I develop a two-step solution method that simplifies comparative static analyses in the two-cone Heckscher-Ohlin model.
Keywords:New goods  Skill premium  Two-cone Heckscher-Ohlin model  Preference-induced reversals  Two-step solution method
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号