Trade liberalization, labor demand shifts and earnings inequality in Singapore

Ruby Toh, Hui Weng Tat

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This article investigates the relative wage between skilled and low skilled labor in a small open economy with traditionally few labor market rigidities. It looks at the role of relative skills demand and supply in determining skills premium and explores the extent to which trade liberalization affects the skills wage gap. Indications are that greater openness is linked to higher labor demand elasticity and/or technological progress. The evidence also suggests that rapid acceleration in labor demand for skills and trade liberalization has widened the wage gap between skilled and low skilled labor. This result persists regardless of industry type.

Original languageEnglish
Pages (from-to)65-82
Number of pages18
JournalReview of Urban and Regional Development Studies
Volume24
Issue number3
DOIs
Publication statusPublished - Nov 1 2012
Externally publishedYes

Fingerprint

wage gap
skilled labor
labor demand
trade liberalization
Singapore
liberalization
wage
labor
demand elasticity
rigidity
labor market
technological progress
open economy
premium
indication
industry
supply
demand
evidence
economy

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development

Cite this

Trade liberalization, labor demand shifts and earnings inequality in Singapore. / Toh, Ruby; Tat, Hui Weng.

In: Review of Urban and Regional Development Studies, Vol. 24, No. 3, 01.11.2012, p. 65-82.

Research output: Contribution to journalArticle

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