Krugman: Trade and Wages, Reconsidered
Paul Krugman (2008), "Trade and Wages, Reconsidered" http://www.princeton.edu/~pkrugman/pk-bpea-draft.pdf
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March 01, 2008
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The Eighteen-Year-Old is going to college, which means that I need to think about making more money. (The idea that one might write checks to rather than receive checks from universities still seems very strange to me.) So I have signed up with the Leigh Speakers' Bureau which also handles, among many others: Chris Anderson; Suzanne Berger; Michael Boskin; Kenneth Courtis; Clive Crook; Bill Emmott; Robert H. Frank; William Goetzmann; Douglas J. Holtz-Eakin; Paul Krugman; Bill McKibben; Paul Romer; Jeffrey Sachs; Robert Shiller;James Surowiecki; Martin Wolf; Adrian Wooldridge.
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Interesting but I would think at least a mention of migration might be useful. Migrants, at least initially, are probably mostly in goods and service production that are not easily substitutable with traded goods. But, these workers are probably important substitutes for US workers in the lower part of the wage pool. In traded goods such as agriculture, they may affect the real exchange rate.
Posted by: james hanson | March 21, 2008 at 08:47 AM