Common and country speci c factors in the distribution of real wages

Eleni Chatzivgeri, Haroon Mumtazy, Daniela Tavasciz, and Luigi Ventimigliax

We use a dynamic factor model to consider if real wage growth in the US, UK and Germany at different percentiles of the distribution can be explained by factors that are common across countries or specific to each country. Our results suggest that common factors explain a large proportion of the movement in wages when considering the left tail of the distribution indicating that shocks that are common across countries are important for low wage households.

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Year of publication:	[2018]
Authors:	Chatzivgeri, Eleni ; Mumtazy, Haroon ; Tavasciz, Daniela ; Ventimigliax, Luigi
Publisher:	London : School of Economics and Finance, Queen Mary University of London
Subject:	Household wages \| dynamic factor model \| Reallohn \| Real wages \| Einkommensverteilung \| Income distribution \| Faktorenanalyse \| Factor analysis \| Theorie \| Theory \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (circa 14 Seiten) Illustrationen
Series:	Working paper. - London : [Verlag nicht ermittelbar], ISSN 1473-0278, ZDB-ID 2666392-2. - Vol. no. 863 (July 2018)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/210420 [Handle]
Classification:	C5 - Econometric Modeling ; E1 - General Aggregative Models ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011895003