Impact of capital market integration on skilled/unskilled labor choice
Impact of capital market integration on skilled/unskilled labor choice
复制标题
资本市场一体化对熟练/非熟练劳动力选择的影响
DOI：
10.11130/jei.2017.32.1.90
复制
发表时间：
2017
影响因子：
1.2
通讯作者：
Hikaru Ogawa and Masafumi Tsubuku
中科院分区：
文献类型：
--
作者：
A.Best;I.Nish;T.G.Fraser;S.Naraoka;H.Goto-Shibata;A.Trotter;R.Buckley;A.J.Stockwell; R.Barnes;D. Clayton;C.-K.Mark;Yoichi Kibata;Hikaru Ogawa and Masafumi Tsubuku
本研究探讨全球化所引发的资本市场整合，如何影响熟练与非熟练劳工的选择。我们的研究结果表明，市场一体化促进了国家间对移动的资本的竞争，促使政府采取有利于技术工人的国内政策。这些政策变化促使个人成为熟练工人，从而提高了熟练劳动力与非熟练劳动力的比例。我们研究了上述比率在一体化市场中的效率，并表明均衡状态下熟练（非熟练）劳动力的供给是过剩（不足）的，因为一个国家的教育可能会在其他国家产生负外部性。
This study examines how capital market integration, induced by globalization, affects skilled-unskilled labor choices. Our results show that market integration fosters competition for mobile capital among countries, inducing governments to employ domestic policies that are favorable for skilled workers. These policy changes induce individuals to become skilled workers, thereby raising the skilled-unskilled labor ratio. We examine the efficiency of the aforementioned ratio in integrated markets and show that the supply of skilled (unskilled) labor in equilibrium is excessive (deficient) because education in one country might create negative externalities in others.