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- W2520121038 abstract "This paper is an extension of the specific factors model to the study of relative wages by considering a multi-industry model with skilled and unskilled labor as the only mobile factors. We show that for changes in the price of a single industry, the impact on the skill premium is usually modest and sometimes the sign is the reverse of expectations. The elasticity of substitution between factors is critical for single-sector price changes. To generate a Stolper-Samuelson magnification effect, it is necessary to have a large number of price changes across industries intensive in either skilled or unskilled labor." @default.
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- W2520121038 date "2016-11-01" @default.
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- W2520121038 title "Multi-sector specific factors model with two mobile factors" @default.
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- W2520121038 doi "https://doi.org/10.1016/j.iref.2016.09.002" @default.
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