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4:00pm |
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Trade Development and Political Economy Presents: "Skill Biased Heterogeneous Firms, Trade Liberalization, and the Skill Premium "
(Speakers)
Authors: Ariell Reshef and James Harrigan
Speaker: Ariell Reshef
The authors propose a theory that rising globalization and rising wage inequality are related because trade liberalization raises the demand facing highly competitive skill-intensive firms. In their model, only the lowest-cost firms participate in the global economy exactly along the lines of Melitz (2003). In addition to differing in their productivity, firms differ in their skill intensity. The authors model skill-biased technology as a correlation between skill intensity and technological acumen, and they estimate this correlation to be large using firm-level data from Chile in 1995.
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443-9248