The Exchange Rate and the U. S. Wage Process: An Intensive Empirical Investigation
实证研究国际竞争对美国制造业、服务业及私人部门总小时工资的影响，发现显著效应，但1985年后美元贬值的影响不如1981-85年升值大。
The U.S. wage growth slowdown since 1982 has generated a large controversy over its causes. A hypothesis that has received extensive attention is based on international-competitivene ss effects. The evidence is mixed.and several authors have proposed alternative hypotheses based on economic or noneconomic developments. This paper addresses this issue and finds significant effects of international competition on wages in manufacturing, services, and total hourly private earnings. An array of tests indicates that thes e results are robust but that the depreciation of the dollar after 198 5 has not had the large effects of the 1981-85 appreciation. Copyright 1993 by Ohio State University Press.