Trade and the Labor Market

Effect on Wage Inequality in Japan

Business & Finance, Career Planning & Job Hunting, Labor, Economics, International Economics
Cover of the book Trade and the Labor Market by Kojiro Sakurai, Springer Singapore
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kojiro Sakurai ISBN: 9789811059933
Publisher: Springer Singapore Publication: September 4, 2017
Imprint: Springer Language: English
Author: Kojiro Sakurai
ISBN: 9789811059933
Publisher: Springer Singapore
Publication: September 4, 2017
Imprint: Springer
Language: English

This book presents an integrated overview and evidence, taking Japan as an example, on how international trade, especially with developing countries, affects labor market in developed countries, which has been keenly debated among international and labor economists since the late 1980s. The unique point of this book is that it integrates international trade and labor market into the same framework. The analysis includes both theory and empirical study. It especially pays attention to wage inequality between skilled and unskilled labor represented by nonproduction and production workers, and college graduates and high-school graduates. The estimation method used is to analyze input-output tables containing 55 manufacturing industries during the period 1995-2005, and to measure factor content of trade using these tables.

Main results are as follows: First, both relative wage and relative employment of nonproduction to production workers, and college graduates to high-school graduates increased as a trend since the 1980s, suggesting a relative demand shift toward skilled labor. Second, analysis using input-output tables revealed that employment reduction due to increased imports is greater in production workers than in nonproduction workers, and that employment increase due to increased exports is greater in nonproduction workers than in production workers, suggesting the comparative advantage being at work in line with the Heckscher-Ohlin-Samuelson model. Third, analysis using factor content of trade revealed that increased trade during 1995-2005 especially with Asian countries raised the relative wage of nonproduction to production workers in the aggregated manufacturing sector by 0.023 points (1.400 to 1.422), or by 1.6 percent in terms of rate of change. This estimation result suggests that increased trade in this period played a certain role in widening wage inequality between nonproduction to production workers. These results contribute to a deeper understanding of the effect of globalization on labor market in the field of economics. 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book presents an integrated overview and evidence, taking Japan as an example, on how international trade, especially with developing countries, affects labor market in developed countries, which has been keenly debated among international and labor economists since the late 1980s. The unique point of this book is that it integrates international trade and labor market into the same framework. The analysis includes both theory and empirical study. It especially pays attention to wage inequality between skilled and unskilled labor represented by nonproduction and production workers, and college graduates and high-school graduates. The estimation method used is to analyze input-output tables containing 55 manufacturing industries during the period 1995-2005, and to measure factor content of trade using these tables.

Main results are as follows: First, both relative wage and relative employment of nonproduction to production workers, and college graduates to high-school graduates increased as a trend since the 1980s, suggesting a relative demand shift toward skilled labor. Second, analysis using input-output tables revealed that employment reduction due to increased imports is greater in production workers than in nonproduction workers, and that employment increase due to increased exports is greater in nonproduction workers than in production workers, suggesting the comparative advantage being at work in line with the Heckscher-Ohlin-Samuelson model. Third, analysis using factor content of trade revealed that increased trade during 1995-2005 especially with Asian countries raised the relative wage of nonproduction to production workers in the aggregated manufacturing sector by 0.023 points (1.400 to 1.422), or by 1.6 percent in terms of rate of change. This estimation result suggests that increased trade in this period played a certain role in widening wage inequality between nonproduction to production workers. These results contribute to a deeper understanding of the effect of globalization on labor market in the field of economics. 

More books from Springer Singapore

Cover of the book Modeling, Analysis and Control of Hydraulic Actuator for Forging by Kojiro Sakurai
Cover of the book The Relationship between Land-lost Farmers and Local Government in China by Kojiro Sakurai
Cover of the book Plasmonic Organic Solar Cells by Kojiro Sakurai
Cover of the book Management of Peritoneal Metastases- Cytoreductive Surgery, HIPEC and Beyond by Kojiro Sakurai
Cover of the book Stability Assessment for Underground Excavations and Key Construction Techniques by Kojiro Sakurai
Cover of the book Research on China’s Public Finance Construction Index System by Kojiro Sakurai
Cover of the book Education, Arts and Sustainability by Kojiro Sakurai
Cover of the book Fashion & Music by Kojiro Sakurai
Cover of the book Task Scheduling for Multi-core and Parallel Architectures by Kojiro Sakurai
Cover of the book Frequency Conversion of Ultrashort Pulses in Extended Laser-Produced Plasmas by Kojiro Sakurai
Cover of the book Wastewater Management Through Aquaculture by Kojiro Sakurai
Cover of the book Introduction to Chinese Fiscal System by Kojiro Sakurai
Cover of the book Task-space Separation Principle by Kojiro Sakurai
Cover of the book Observation of Superconductivity in Epitaxially Grown Atomic Layers by Kojiro Sakurai
Cover of the book Proceedings of International Conference on ICT for Sustainable Development by Kojiro Sakurai
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy