Journal Article

The assessment: globalization and labour-market adjustment

D Greenaway and D Nelson

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 16, issue 3, pages 1-11
Published in print September 2000 | ISSN: 0266-903X
Published online September 2000 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/16.3.1
The assessment: globalization and labour-market adjustment

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  • Economic Development and Growth
  • Public Economics
  • Political Economy
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Over the last two decades there has been a significant deterioration in the labour-market outcomes of less-skilled labour in most OECD countries. This has manifested itself either in terms of a decline in wages relative to the most skilled, or in terms of the relative likelihood of being in work. Much recent research has focused on the impact of trade and skill-biased technical change as alternative explanations of the phenomenon; some has also investigated the role of cross-border investment and migration. This paper reviews recent research on globalization and labour-market adjustment and sets the scene for the papers that follow.

Journal Article.  0 words. 

Subjects: Economic Development and Growth ; Public Economics ; Political Economy ; Public Policy

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