Chapter

Skills and Changing Comparative Advantage

Edward N. Wolff

in Does Education Really Help?

Published in print April 2006 | ISBN: 9780195189964
Published online October 2011 | e-ISBN: 9780199850792 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780195189964.003.0007
Skills and Changing Comparative Advantage

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This chapter considers the relationship between the changing skill base of the US labor force and the country's shifting comparative advantage in the international arena. It focuses on the skills of workers in both export and import industries. The chapter is organized as follows. Section 7.2 reviews the literature on the skill composition of trade. Section 7.3 presents descriptive statistics on the composition of US trade from 1947 to 1996. The factor content of trade is analyzed in Section 7.4 and Section 7.5 presents concluding remarks.

Keywords: labor force; workers skills; export industry; import industry; US trade

Chapter.  11031 words. 

Subjects: Public Economics

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