The Effects of Globalisation on Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms. WWWforEurope Working Paper No. 49

摘要: Fears of increasing inequality play a dominant role in current debates on how globalisation is affecting our economies. After brief review recent trends wage inequality, this policy paper presents new insights the dynamic effect trade liberalisation inequality. In context model with costly labour mobility, we show that depends 1. time horizon considered, 2. degree worker and 3. (partial/full). short run, observed increases are driven by an increase inter-sectoral while long skill premium.