Donald R. Davis National Bureau of Economic Research

Does European Unemployment Prop Up American Wages? by Donald R. Davis

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Does European Unemployment Prop Up American Wages?

Author : Donald R. Davis

Publisher : National Bureau of Economic Research

Published : 1996

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Number of Pages : 30 Pages

Language : en

Descriptions Does European Unemployment Prop Up American Wages?

Abstract: We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe. But Europe's commitment to the high wage completely insulates America from the shock. Immigration to America raises American income, but lowers European income dollar-for-dollar, while European unemployment rises one-for-one. We consider a stylized game of the choice of factor market institutions. Mitterand's Europe chooses a high minimum wage and Reagan's America chooses a flexible wage for the unskilled. Paradoxically, unskilled workers are worse off in Europe. Trade equalizes wages, but Europeans bear all of the unemployment required to sustain the high wage.

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Results Does European Unemployment Prop Up American Wages?

PDF Does European Unemployment Prop Up American Wages ... - ResearchGate - Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade: Comment ... be ﬁxed), an exogenously determined wage ﬂoor does not tie down all prices. As a result,

Does European Unemployment Prop Up American Wages? - We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled "South" to world markets raises =employment in Europe. But Europe's commitment to the high wage completely insulates America

PDF Does European Unemployment Prop Up American Wages? National Labor - Europe's commitment to the high wage wholly insulates America from the shock. Immigration to America raises American income, but lowers European income dollar-for-dollar, while European unemployment rises. Absent South-North migration of the unskilled from 1970-90, Europe could have maintained the same wage with from one-eighth to one-fourth

Does European Unemployment Prop up American Wages? - CORE - We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe

Does European Unemployment Prop up American Wages? - Abstract: We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe

PDF Does European Unemployment Prop Up American Wages? National Labor - Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade By DONALD R. DAVIS* / consider trade between a flexible-wage America and a rigid-wage Europe. In a benchmark case, a move from autarky to free trade doubles European unemployment. American wages rise to the European level. Entry of the un-

Does European Unemployment Prop up American Wages? National Labor - Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade By DONALD R. DAVIS * I consider trade between a flexible-wage America and a rigid-wage Europe. In a benchmark case, a move from autarky to free trade doubles European unemployment. American wages rise to the European level. Entry of the un-

Does European Unemployment Prop Up American Wages? National Labor - Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade: Comment by Jürgen Meckl. Published in volume 96, issue 5, pages 1924-1930 of American Economic Review, December 2006 (December 2006) This website uses cookies

Does European Unemployment Prop Up American Wages? - Research Papers in - We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe. But Europe's commitment to the high wage completely insulates America

Does European Unemployment Prop Up American Wages? National Labor - The author considers trade between a flexible-wage America and a rigid-wage Europe. In a benchmark case, a move from autarky to free trade doubles European unemployment. American wages rise to the European level. Entry of the unskilled 'South' to world markets raises European unemployment. Europe's commitment to the high wage wholly insulates America from the shock. Immigration to America

Does European Unemployment Prop Up American Wages? National Labor - PDF | On Feb 1, 2006, Jürgen Meckl published Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade: Comment | Find, read and cite all the research you need on

Does European unemployment prop up American wages? - Does European unemployment prop up American wages? by Davis, Donald R., 1996, National Bureau of Economic Research edition, in English

Does European Unemployment Prop up American Wages? - Does European Unemployment Prop up American Wages? Donald Davis () . No 5620, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European

PDF DOES EUROPEAN UNEMPLOYMENT PROP UP AMERICAN WAGES? Donald R. Davis - Does European Unemployment Prop Up American Wages? I. Introduction In recent years, ftior market developments in the United States and United Kingdom have contr~ed sharply with those in mntinental Europe, In the US and ~ the relative wage of the unskilled has declined significantly. In the span of a decade (1979-89) the relative wage of a

Does European Unemployment Prop up American Wages? | NBER - Issue Date June 1996. We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe

Does European Unemployment Prop Up American Wages? - Abstract: We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe. But Europe's commitment to the high wage completely insulates

CiteSeerX — Does European Unemployment Prop Up American Wages - CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We consider trade between a flexible wage America and a rigid wage Europe. In a benchmark case, a move from autarky to free trade doubles European unemployment. American wages rise to the European level. Entry of the unskilled "South " to world markets raises European unemployment

Does European Unemployment Prop Up American Wages? National - Downloadable (with restrictions)! The author considers trade between a flexible-wage America and a rigid-wage Europe. In a benchmark case, a move from autarky to free trade doubles European unemployment. American wages rise to the European level. Entry of the unskilled 'South' to world markets raises European unemployment. Europe's commitment to the high wage wholly insulates America from the

Does European Unemployment Prop Up American Wages? - We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets raises unemployment in Europe

Does European Unemployment Prop Up American Wages? - Immigration to America raises American income, but lowers European income dollar-for-dollar, while European unemployment rises one-for-one. We consider a stylized game of the choice of factor market institutions. Mitterand's Europe chooses a high minimum wage and Reagan's America chooses a flexible wage for the unskilled

- In a world in which America and Europe have identical endowments, a move from autarky to free trade doubles the European unemployment rate while raising American wages to the European level. In effect, Europe bears the unemployment cost of high wages for both itself and America

Does European Unemployment Prop Up American Wages? - But Europe's commitment to the high wage completely insulates America from the shock. Immigration to America raises American income, but lowers European income dollar-for-dollar, while European unemployment rises one-for-one. We consider a stylized game of the choice of factor market institutions

Does European Unemployment Prop up American Wages? National - Europe's commitment to the high wage wholly insulates America from the shock. Im-migration to America raises American income, but lowers European income dollar for dollar, while European unemployment rises. Absent South-North migration of the unskilled from 1970-1990, Europe could have maintained the same wage with from one-eighth to one-fourth

Does European Unemployment Prop up American Wages? | NBER - But Europe's commitment to the high wage completely insulates America from the shock. Immigration to America raises American income, but lowers European income dollar-for-dollar, while European unemployment rises one-for-one. We consider a stylized game of the choice of factor market institutions

Does European Unemployment Prop Up American Wages? National - Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade: Comment Jürgen Meckl American Economic Review vol. 96, no. 5, December 2006 (pp. 1924-1930) Download Full Text PDF Article Information Citation Meckl, Jürgen. 2006. "Does European Unemployment Prop Up American Wages?

DOES EUROPEAN UNEMPLOYMENT PROP UP AMERICAN WAGES? Donald R - In a world in which America and Europe have identical endowments, a move from autarky to free trade doubles the European unemployment rate while raising American wages to the European level. In effect, Europe bears the unemployment cost of high wages for both itself and America