Offshoring, inequality, and the value of college degrees

David Hummels; Rasmus Jørgensen; Jakob R. Munch; Chong Xiang

Offshoring, inequality, and the value of college degrees

David Hummels, Rasmus Jørgensen, Jakob R. Munch, Chong Xiang

Department of Economics

Abstract

With stagnating wages and lingering unemployment, income inequality is back in the headlines. Is globalisation to blame for this inequality? Is more education a solution? This column argues that focusing on university education misses important effects. It presents evidence that wage effects vary markedly among those with degrees depending on their specific skill sets, and that globalisation can often benefit workers without degrees.

Original language	English
Publication date	10 Dec 2011
Publication status	Published - 10 Dec 2011

Access to Document

http://voxeu.org/index.php?q=node/7410

Cite this

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