TY  - RPRT
        AU  - Meckl, Jürgen
        TI  - Are US Wages Really Determined by European Labor-Market Institutions?
        PY  - 2005/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1817
        UR  - https://www.iza.org/index.php/publications/dp1817
        AB  - This paper integrates institutionally determined wage rigidities into an otherwise standard Heckscher-Ohlin model of international trade. It accounts for differences in individual productivities and their implications for individual wage incomes and demand for education. Although preserving the factor-price-equalization property of the global equilibrium approach, the model does not support the view expressed by Davis (1998) that global equilibrium links insulate the US labor market from exogenous shocks. It provides a foundation of the derived from comparative studies that do not consistently account for the global general equilibrium links.
        KW  - skill-specific unemployment
KW  - wage rigidities
KW  - international trade
KW  - education
        ER  -