The Role of Multinational Firms in the Wage-Gap Debate.
The observation of an increase in the ratio of skilled to unskilled wages in the high-income countries and in some cases in low/middle-income countries has led to considerable discussion and controversy as to its cause. Virtually none of the analyses have considered a role for multinational investme...
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| Format: | Journal article |
| Language: | English |
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1997
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| _version_ | 1797050875727839232 |
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| author | Markusen, J Venables, A |
| author_facet | Markusen, J Venables, A |
| author_sort | Markusen, J |
| collection | OXFORD |
| description | The observation of an increase in the ratio of skilled to unskilled wages in the high-income countries and in some cases in low/middle-income countries has led to considerable discussion and controversy as to its cause. Virtually none of the analyses have considered a role for multinational investment in explaining the wage-gap phenomenon. This paper adapts the authors' earlier work to consider what role multinationals might play in factor markets. It identifies circumstances under which investment liberalization is likely to raise the wage gap in both the skilled-labor abundant and the unskilled-labor abundant country. |
| first_indexed | 2024-03-06T18:11:41Z |
| format | Journal article |
| id | oxford-uuid:033ef65f-98b1-4237-8ebb-e4594ee697fd |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:11:41Z |
| publishDate | 1997 |
| record_format | dspace |
| spelling | oxford-uuid:033ef65f-98b1-4237-8ebb-e4594ee697fd2022-03-26T08:45:01ZThe Role of Multinational Firms in the Wage-Gap Debate.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:033ef65f-98b1-4237-8ebb-e4594ee697fdEnglishDepartment of Economics - ePrints1997Markusen, JVenables, AThe observation of an increase in the ratio of skilled to unskilled wages in the high-income countries and in some cases in low/middle-income countries has led to considerable discussion and controversy as to its cause. Virtually none of the analyses have considered a role for multinational investment in explaining the wage-gap phenomenon. This paper adapts the authors' earlier work to consider what role multinationals might play in factor markets. It identifies circumstances under which investment liberalization is likely to raise the wage gap in both the skilled-labor abundant and the unskilled-labor abundant country. |
| spellingShingle | Markusen, J Venables, A The Role of Multinational Firms in the Wage-Gap Debate. |
| title | The Role of Multinational Firms in the Wage-Gap Debate. |
| title_full | The Role of Multinational Firms in the Wage-Gap Debate. |
| title_fullStr | The Role of Multinational Firms in the Wage-Gap Debate. |
| title_full_unstemmed | The Role of Multinational Firms in the Wage-Gap Debate. |
| title_short | The Role of Multinational Firms in the Wage-Gap Debate. |
| title_sort | role of multinational firms in the wage gap debate |
| work_keys_str_mv | AT markusenj theroleofmultinationalfirmsinthewagegapdebate AT venablesa theroleofmultinationalfirmsinthewagegapdebate AT markusenj roleofmultinationalfirmsinthewagegapdebate AT venablesa roleofmultinationalfirmsinthewagegapdebate |