Abstract
Global value chains (GVCs) have deeply changed the paradigm of world production,
strongly affecting labour market and productivity developments. This chapter broadly surveys the empirical research on the impacts of GVCs on employment, wages and productivity. Most papers conclude that the rise of GVCs accounts for a relevant part of the increase in the relative demand for skilled labour in developed countries, but the overall effect on the level of employment is small. As for productivity, the literature suggests a positive impact of participation in GVCs.
strongly affecting labour market and productivity developments. This chapter broadly surveys the empirical research on the impacts of GVCs on employment, wages and productivity. Most papers conclude that the rise of GVCs accounts for a relevant part of the increase in the relative demand for skilled labour in developed countries, but the overall effect on the level of employment is small. As for productivity, the literature suggests a positive impact of participation in GVCs.
| Original language | English |
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| Title of host publication | The Age of Global Value Chains: Maps and Policy Issues |
| Place of Publication | London |
| Publisher | CEPR Press |
| Pages | 58-67 |
| ISBN (Electronic) | 978-1-907142-91-8 |
| Publication status | Published - 2015 |
Publication series
| Name | A VoxEU.org eBook |
|---|---|
| Publisher | CEPR |