Research Catalog

Title

Trade and income distribution / William R. Cline.

Author

Cline, William R.

Publication

Washington, DC : Institute for International Economics, 1997.

Items in the Library & Off-site

Holdings

Details

Additional Authors

Institute for International Economics (U.S.)

Description

xiii, 305 pages : illustrations; 23 cm

Subjects

• Inkomensverdeling
• Loonvorming
• Revenu > Répartition
• Einkommensverteilung
• Mathematisches Modell
• Buitenlandse handel
• Income distribution
• Internationalisatie

Bibliography (note)

• Includes bibliographical references (p. 285-294) and index.

Contents

1 Trends in Income Distribution and Wages 1 -- Long-Term Patterns 1 -- Family Income, Poverty, and Wealth 4 -- Wage Distribution 14 -- Education and Skills 23 -- Experience and Unexplained Variation 28 -- Productivity and Wage Levels 29 -- International Patterns 31 -- 2 A Critical Review of the Literature 35 -- Stolper-Samuelson and Factor-Price Equalization 35 -- Development Economists 1 46 -- Labor Economists 1 49 -- Labor Economists 2 65 -- Trade Economists 1 89 -- Trade Economists 2 110 -- Development Economists 2 127 -- Trade Economists 1 Revisited 133 -- Labor Economists 1 Revisited 136 -- 3 Experiments with the Krugman Model 151 -- The Krugman Model 152 -- Constant-Elasticity-of-Substitution Reformulation 158 -- Elasticity of Substitution between Skilled and Unskilled Labor 161 -- CES Estimates with Limited Substitutability 163 -- Decadal Outlook with the CES-Krugman Model 165 -- 4 The Trade and Income Distribution Equilibrium (TIDE) Model 173 -- Model Structure 173 -- Factor Data 178 -- Trade Data 182 -- Model Calibration 193 -- Backcast and Counterfactuals 198 -- TIDE Model Forecasts 223 -- Model Sensitivity 231 -- An Illustrative Synthesis 263 -- Absolute versus Relative Wage 269 -- Policy Implications 272 -- Appendix A Employment and Wage Growth in Europe and the United States 277 -- Table 1.1 Distribution of family money income 5 -- Table 1.2 Change in real hourly wage by education, 1973-93 23 -- Table 1.3 Education and income 25 -- Table 1.4 Enrollment of college-aged population, 1960-92 27 -- Table 1.5 Educational distribution of the US labor force 28 -- Table 2.1 Decomposition of estimated sources of relative wage changes, 1979-88 52 -- Table 2.2 Trends in employment and wages by broad sector and years of education, 1967-86 72 -- Table 2.3 Alternative estimates of the impact of trade on rising US wage inequality 140 -- Table 3.1 Experiments with the Krugman model 156 -- Table 3.2 Trade response to relative wage increase 163 -- Table 4.1 Country shares in global factor endowments and output, 1973-93 183 -- Table 4.2 Trends in factor endowments, 1973-93 184 -- Table 4.3 Actual net trade in manufactures by factor intensity and partner 188 -- Table 4.4 Revealed comparative advantage by manufactured product group 192 -- Table 4.5 Factor shadow prices in the TIDE model 200 -- Table 4.6 Optimal trade matrix in the TIDE-CD model, 1993 204 -- Table 4.7 Percent deviation of factor prices from baseline: backcast counterfactuals, TIDE Cobb-Douglas model 208 -- Table 4.8 Factor shadow prices in the TIDE model: forecasts 226 -- Table 4.9 Percent deviation of factor prices from baseline: forecast scenarios, TIDE Cobb-Douglas model 228 -- Table 4A.1 Classification of 2-digit SITC codes by major factor input 240 -- Table 4A.2 Actual exports and imports by product group 241 -- Table 4A.3 Estimated distances between countries 244 -- Table 4A.4 Assumed tariff equivalents of total protection 245 -- Table 4A.5 Technical efficiency coefficients 246 -- Table 4A.6 Percent deviation of factor prices from baseline: backcast counterfactuals, TIDE-CES model 247 -- Table 5.1 Illustrative sources of increase in the ratio of skilled to unskilled wages in the United States 264 -- Figure 1.1 Median money income and poverty, 1967-93 7 -- Figure 1.2 Poverty by family status, 1959-93 8 -- Figure 1.3 Family status, 1959-93 9 -- Figure 1.4 Actual and hypothetical poverty, 1959-93 10 -- Figure 1.5 Composition of national income, 1959-94 14 -- Figure 1.6 90th/10th percentile wage ratios for full-time wage and salary workers, 1969-93 17 -- Figure 1.7 Skilled/unskilled wage ratio, 1961-93 19 -- Figure 1.8 Wage inequality, males 16 years and older with positive earnings, 1968-87 21 -- Figure 1.9a Wage inequality for men, 1973-93 22 -- Figure 1.9b Wage inequality for women, 1973-93 22 -- Figure 1.10 Hourly wages by education, 1973-93 29 -- Figure 1.11 Deindustrialization and developing-country import penetration for OECD countries, 1970-90 33 -- Figure 2.1 The Lerner-Pearce diagram of the Stolper-Samuelson theorem 39 -- Figure 2.2 Samuelson's diagram for factor-price equalization 42 -- Figure 2.3 R&D per worker versus wage differentials for college and high school workers, 1963-88 55 -- Figure 2.4 Estimated wage change by percentile, 1964-88 58 -- Figure 2.5 Durable goods trade deficit and the return to skills, 1949-90 80 -- Figure 2.6 Trade and factor prices 97 -- Figure 2.7 Locus of minimum costs for inputs produced in the North and South 121 -- Figure 2.8 Real income in countries 1 and 2 as a function of the efficiency of country 2 in the production of good B 126 -- Figure 2.9 Interaction of supply and demand for skilled and unskilled labor 146 -- Figure 3.1 Output and imports of manufactures of industrial countries, 1971-93 166 -- Figure 3.2 OECD manufactured imports from LDCs 169 -- Figure A.1 Real wages for the G6 countries, 1970-93 280 -- Figure A.2 Wages and job creation, 1970-90 281.

ISBN

• 0881322164
• 9780881322163

LCCN

• 96002659
• ZBWT00709487

OCLC

• ocm34046870
• 34046870
• SCSB-5654972

Owning Institutions

Columbia University Libraries