All posts by David Hummels

Dr. David Hummels Professor of Economics at Purdue University

Globalisation and higher education: Different degrees of success. (Offshoring, inequality, and the value of college degrees)

 This article ir republished from and in accordance with the policy of  “VoxEU.org

Dr. David Hummels
Professor of Economics at Purdue University

 

 

Dr.Rasmus Jørgensen
Postdoctoral Research Fellow at Yale University’s Department of Economics

 

 

 

Dr.Jakob R. Munch
Asian Dynamics Initiative Professor of International Economics in the Department of Economics, University of Copenhagen

 

 


Dr.Chong Xiang

Associate Professor of Economics, and Director of Graduate Studies, at Economics Department, Purdue University

 

 

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.

Fuelled by concerns over rising income inequality, Occupy Wall Street has grown into a global movement in slightly over 2 months, with protests i over 900 cities worldwide. Protestors have been criticised for lacking a specific set of policy demands, but in this the protestors are hardly alone.

Continue reading Globalisation and higher education: Different degrees of success. (Offshoring, inequality, and the value of college degrees)