Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27012 
Year of Publication: 
2006
Series/Report no.: 
Kiel Advanced Studies Working Papers No. 433
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
Based on the conceptual results of Findlay, Grubert (1959) and Krugman (2000) we analyze the movement of the relative price of skill-intensive goods under skill-biased technological change and the countervailing effect of increasing world-wide supply of low-skilled-labor. While the labor supply effect has become more important in the last two decades, we show that the distinction between large and small technological progress is crucially important for analyzing the changing pattern of relative price developments.
Subjects: 
skill-biased technological change
unskilled-labor supply
relative goods prices
JEL: 
F11
F14
F16
Document Type: 
Working Paper

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