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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Beteilige Person: Schmillen, Achim (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Regensburg Osteuropa-Inst. Juni 2010
Schriftenreihe:Arbeiten aus dem Osteuropa-Institut Regensburg Nr. 285
Links:http://www.oei-dokumente.de/publikationen/wp/wp-285.pdf
https://langzeitarchivierung.bib-bvb.de/delivery/action/cmsResolver.do?system=BVB01&id=BV036661394&startRecord=1
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.
Umfang:22 S. graph. Darst.
ISBN:9783938980347