Resource title

The changing relative price of skill-intensive goods

Resource image

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Resource description

Based on the conceptual results of Findlay, Grubert (1959) and Krugman (2000) we analyze the movement of the relative price of skill-intensive goods under skill-biased technological change and the countervailing effect of increasing world-wide supply of low-skilled-labor. While the labor supply effect has become more important in the last two decades, we show that the distinction between large and small technological progress is crucially important for analyzing the changing pattern of relative price developments.

Resource author

Christian G├Ąckle, Ingmar Schustereder, Patricia Waeger

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/27012

Resource license

Adapt according to the presented license agreement and reference the original author.