The trade and labour nexus is examined with a model incorporating refinements which weaken the H-O-S result that free trade can cause factor rewards to equalize. Asian growth and rising openness in the period 1970-1992, taken in isolation, are found to confer net benefits in the older...

At the turn of the millennium three frequently cited potential causes of new challenges for wage policy in Germany are revisited in this study: skill-biased technological progress, the increasing international integration of labor and product markets, and the monetary integration of the EMU....