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Trade and Jobs in EuropeMuch Ado About Nothing?$
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Mathias Dewatripont, André Sapir, and Khalid Sekkat

Print publication date: 1999

Print ISBN-13: 9780198293606

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0198293607.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 February 2020

Relative Prices, Trade and Restructuring in European Industry

Relative Prices, Trade and Restructuring in European Industry

Chapter:
(p.33) 2. Relative Prices, Trade and Restructuring in European Industry
Source:
Trade and Jobs in Europe
Author(s):

Damien Neven

Charles Wyplosz (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198293607.003.0003

This chapter examines the impact of trade on European labour markets using data on relative commodity prices and intra-sectoral skill levels. Drastic restructuring in unskilled labour-intensive industries is observed in terms of downsizing and upgrading of skills. Competition from developing countries affects a significant number of industries, but the adjustments taking place at the industry level are not as simple as those predicted by Heckscher-Ohlin.

Keywords:   international trade, European labour market, unskilled workers, skilled workers, competition, commodity prices, wages, industry

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