{"id":1278,"date":"2023-02-13T16:19:16","date_gmt":"2023-02-13T16:19:16","guid":{"rendered":"https:\/\/www.fiw.ac.at\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/"},"modified":"2023-02-13T16:19:16","modified_gmt":"2023-02-13T16:19:16","slug":"dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers","status":"publish","type":"publication","link":"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/","title":{"rendered":"Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers"},"content":{"rendered":"\nWill incomes of low and high skilled workers continue to diverge? Yes says our paper&#x27;s dynamic, six-good, five-region &#8211; U.S., Europe, N.E. Asia (Japan, Korea, Taiwan, Hong Kong), China, and India -, general equilibrium, life-cycle model. The model predicts a near doubling of the ratio of high- to low-skilled wages over the century. Increasing wage inequality arises from a traditional source &#8211; a rising worldwide relative supply of unskilled labor, reflecting Chinese and Indian productivity improvements. But China&#x27;s and India&#x27;s education policies matter. If successive Chinese and Indian cohorts become more skilled, major exacerbation of inequality will be precluded.\n\n","protected":false},"featured_media":0,"menu_order":0,"template":"","jelcode":[],"keyword":[499,497,498],"class_list":["post-1278","publication","type-publication","status-publish","hentry","keyword-computable-general-equilibrium-models-cge","keyword-demographic-transition","keyword-overlapping-generations-olg"],"acf":{"year":2009,"month":1,"day":"","volume":"","number":"022","pages":40,"reviewed":"0","citeid":"FIW_WP_022","fiwseries":"FIW Working Papers","event":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers - FIW<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers - FIW\" \/>\n<meta property=\"og:description\" content=\"Will incomes of low and high skilled workers continue to diverge? Yes says our paper&#x27;s dynamic, six-good, five-region &#8211; U.S., Europe, N.E. Asia (Japan, Korea, Taiwan, Hong Kong), China, and India -, general equilibrium, life-cycle model. The model predicts a near doubling of the ratio of high- to low-skilled wages over the century. Increasing wage [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/\" \/>\n<meta property=\"og:site_name\" content=\"FIW\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_short_rgb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CentreFiw\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/\",\"name\":\"Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers - FIW\",\"isPartOf\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\"},\"datePublished\":\"2023-02-13T16:19:16+00:00\",\"dateModified\":\"2023-02-13T16:19:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\/\/www.fiw.ac.at\/en\/publications\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#website\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"name\":\"FIW\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fiw.ac.at\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#organization\",\"name\":\"FIW\",\"url\":\"https:\/\/www.fiw.ac.at\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"contentUrl\":\"https:\/\/www.fiw.ac.at\/wp-content\/uploads\/2023\/03\/wifo_fiw_logo_kugel_rgb.png\",\"width\":843,\"height\":843,\"caption\":\"FIW\"},\"image\":{\"@id\":\"https:\/\/www.fiw.ac.at\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CentreFiw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers - FIW","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fiw.ac.at\/en\/publications\/dynamic-globalization-and-its-potentially-alarming-prospects-for-low-wage-workers\/","og_locale":"en_US","og_type":"article","og_title":"Dynamic Globalization and its Potentially Alarming Prospects for Low-Wage Workers - FIW","og_description":"Will incomes of low and high skilled workers continue to diverge? Yes says our paper&#x27;s dynamic, six-good, five-region &#8211; U.S., Europe, N.E. Asia (Japan, Korea, Taiwan, Hong Kong), China, and India -, general equilibrium, life-cycle model. The model predicts a near doubling of the ratio of high- to low-skilled wages over the century. 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