Factor Price Equality and the Economies of the United States

We develop a methodology for identifying departures from relative factor price equality across regions that is valid under general assumptions about production, markets and factors. Application of this methodology to the United States reveals substantial and increasing deviations in relative skilled wages across labor markets in both 1972 and 1992. These deviations vary systematically with labor markets industry structure both in cross section and over time.

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Year of publication:	2005-07
Authors:	Bernard, Andrew B. ; Redding, Stephen ; Schott, Peter K.
Institutions:	Centre for Economic Performance, LSE
Subject:	Factor Price Equality \| Regional Wages \| Neoclassical Trade Theory \| Labor Market Areas

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Extent:	application/pdf
Series:	CEP Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is 5 pounds sterling
Classification:	F16 - Trade and Labor Market Interactions ; J30 - Wages, Compensation, and Labor Costs. General ; R23 - Regional Migration; Regional Labor Markets; Population ; C14 - Semiparametric and Nonparametric Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005670455