Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2248| Title: | Sectoral value added prices, TFP growth, and the low-skilled wage in high-income countries |
| Keywords: | F16 O33 ddc:330 Ungeschützte Beschäftigung Lohnstruktur Arbeitsnachfrage Außenwirtschaft Faktorproportionentheorem Faktorpreisausgleich Technischer Fortschritt Produktivität Humankapital Mehr-Sektoren-Modell Auslandsproduktion Schätzung OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | This econometric analysis investigates the impact of changes in sectoral valueadded prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage, relative to the remuneration of human capital, during the 1970s, but a decrease during the 1980s. This is consistent with the observation that, in most sample countries, the relative wage and employment opportunities of low-skilled workers tended to improve until about 1980, but have deteriorated since then. While the regression results suggest that technological change played a large role in shifting labour demand against low-skilled workers, this conclusion is qualified because the empirical evidence is also compatible with product upgrading and outsourcing of low-skill intensive production activities to low-income countries. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2248 |
| Other Identifiers: | http://hdl.handle.net/10419/2248 ppn:268910065 ppn:268910065 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.