Dr. Priya Brata Dutta, from Visva-Bharati University, Santineketan, West Bengal will be conducting a seminar titled "Skilled-Unskilled Wage Inequality: A General Equilibrium Analysis". 

Abstract:

The paper develops a static three sector competitive general equilibrium model of a small open economy in which skilled labor is mobile between a traded good sector and a non-traded good sector and unskilled labour is specific to another traded good sector. Capital is perfectly mobile among all these three sectors. We examine the effects of change in different factor endowments and of globalization on skilled-unskilled wage inequality. We find that the effect of a change of a factor endowment on wage inequality depends on the factor intensity ranking between two skilled labors using sectors and on the relative strength of the marginal effects on demand for and supply of non-tradable good. We also find that a decrease in the price of product produced by skilled (unskilled) labor using traded good sector lowers (raises) the skilled-unskilled wage inequality. 

About the Speaker:

Dr. Priya Brata Dutta is working as an Assistant Professor in Economics in Visva-Bharati University, Shantiniketan. He is also a guest faculty of Economics in Presidency University, Kolkata. Before joining Visva-Bharati, he had his Ph.D. in Quantitative Economics from Indian Statistical Institute, Kolkata and Postgraduate and Undergraduate in Economics from Calcutta University. His current research area is Skilled-Unskilled Wage Inequality, Development Economics, Competitive General Equilibrium Models, Product Variety Models, and Growth Models. He has published papers in journals like: Economic Modelling, Journal of International Trade and Economic Development, Research In Economics, Journal of Globalization and Development and Keio Economic Studies. His teaching interest is in Micro Economics, Macro Economics, Growth Theory, International Trade, and Mathematical Economics.