A Schumpeterian model of protection and relative wages

Article Abstract:

A two-country dynamic general equilibrium model of research and development (R&D)-based international trade is constructed to determine whether trade liberalization causes wage inequality. Results indicate that free trade increases R&D investment and rate of technological change. It also leads to reduction of the relative wage of unskilled workers and skill upgrading when the manufacturing of final products involves a R&D activity that is skilled-labor intensive. The model is validated by time series evidence for the US and simulation analysis.

Research, Models, Economic aspects, Industrial research, International trade, Technological innovations, Wages, Wages and salaries, Income distribution, Free trade

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General versus specific skills in labor markets with search friction and firing costs

Article Abstract:

Recruitment, termination and compensation costs associated with skilled labor and unskilled labor are evaluated.

Management dynamics, Employee Recruitment, Employee Termination, Management, Causes of, Company business management, Employee dismissals, Employment terminations, Skilled labour

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Why beauty matters

Article Abstract:

Compensatory difference between intellectual and normal employees is evaluated.

Comparative analysis, Employee benefits, Professional workers, Professional employees

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