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Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp01bc386j21k
 Title: Labor Market Shifts and the Price Puzzle Revisited Authors: Krueger, Alan B. Keywords: wagespricesStolper-Samuelson Issue Date: 1-Jan-1997 Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 375 Abstract: This paper examines the relationship between price growth and skill intensity across 150 manufacturing industries between 1989 and 1995. There are two main findings. First, wage growth and intermediate goods price increases are passed through to final product prices roughly in proportion to their factor shares. Second, product prices have grown relatively less in sectors that more intensively utilize less-skilled labor. The latter finding is consistent with the Stolper-Samuelson theory of expanded trade with countries that are abundant in less-skilled workers, as well as with some models of technological change. URI: http://arks.princeton.edu/ark:/88435/dsp01bc386j21k Appears in Collections: IRS Working Papers

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