Are wages equal across sectors of production? a panel data analysis for tradable and non-tradable goods
The assumption that national labor markets are homogenous across tradable and non-tradable goods is common in multisector (open-economy) macro models and crucial for the prominent Balassa-Samuelson hypothesis. This study tests it with a novel method to distinguish the tradable and non-tradable secto...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Regensburg
Osteuropa-Inst.
Juni 2010
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| Schriftenreihe: | Arbeiten aus dem Osteuropa-Institut Regensburg
Nr. 285 |
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| Online Zugang: | Volltext |
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Tag hinzufügen | Zusammenfassung: | The assumption that national labor markets are homogenous across tradable and non-tradable goods is common in multisector (open-economy) macro models and crucial for the prominent Balassa-Samuelson hypothesis. This study tests it with a novel method to distinguish the tradable and non-tradable sectors grounded in economic theory, modern empirical methods and a large and detailed macro data set. It finds that both the internal relationship between productivity and wages in the tradable and non-tradable sectors postulated by the Balassa-Samuelson hypothesis and its external transmission mechanism are rejected. |
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| Beschreibung: | 22 S. graph. Darst. |
| ISBN: | 9783938980347 978-3-938980-34-7 |