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:	London School of Economics (LSE)
Subject:	Factor Price Equality \| Regional Wages \| Neoclassical Trade Theory \| Labor Market Areas

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Extent:	application/pdf
Series:	LSE Research Online Documents on Economics.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	R23 - Regional Migration; Regional Labor Markets; Population ; C14 - Semiparametric and Nonparametric Methods ; J30 - Wages, Compensation, and Labor Costs. General ; F16 - Trade and Labor Market Interactions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010745203