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Title:Are wages equal across sectors of production? A panel data analysis for tradable and non-tradable goods PDF Logo
Authors:Schmillen, Achim
Issue Date:2010
Series/Report no.:Arbeiten aus dem Osteuropa-Institut Regensburg, Wirtschaftswissenschaftliche Abteilung 285
Abstract: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.
ISBN:978-3-938980-34-7
Document Type:Working Paper
Appears in Collections:Working Papers, Osteuropa-Institut Regensburg / München (OEI)

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