Abstract
This study deals with the effects of labor-market distortions on the estimates of human capital used in studying U.S. trade flows. The initial concern was that the levels of human capital attributed to highly concentrated and unionized industries might be erroneously high. This could alter regression estimates not only of the effect of human capital on net exports, but also of other coefficients in the equation. The results of the analysis suggested, however, that when the possibility of distortions is taken into consideration, the signs of the coefficients are unaltered, although some change is evident in their magnitude.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
