IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v470y2017icp197-216.html
   My bibliography  Save this article

The wage transition in developed countries and its implications for China

Author

Listed:
  • Baaquie, Belal Ehsan
  • Roehner, Bertrand M.
  • Wang, Qing-hai

Abstract

The expression “wage transition” refers to the fact that over the past three decades in almost all developed economies wage increases have leveled off. There has been a widening divergence and decoupling between wages on the one hand and GDP per capita on the other hand. Yet, in China wages and GDP per capita climbed in sync (at least up to now).

Suggested Citation

  • Baaquie, Belal Ehsan & Roehner, Bertrand M. & Wang, Qing-hai, 2017. "The wage transition in developed countries and its implications for China," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 470(C), pages 197-216.
    • Handle: RePEc:eee:phsmap:v:470:y:2017:i:c:p:197-216
    DOI: 10.1016/j.physa.2016.11.092
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378437116308214
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2016.11.092?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gaidar, Yegor, 2012. "Russia: A Long View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262017415, December.
    2. Bertrand M. Roehner, 2009. "Hidden Collective Factors in Speculative Trading," Springer Books, Springer, number 978-3-642-03048-2, December.
    3. Lerman, Zvi & Kislev, Yoav & Biton, David & Kriss, Alon, 2003. "Agricultural Output and Productivity in the Former Soviet Republics," Economic Development and Cultural Change, University of Chicago Press, vol. 51(4), pages 999-1018, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Belal Baaquie & Bertrand M. Roehner & Qinghai Wang, 2016. "The wage transition in developed countries and its implications for China," Papers 1605.01949, arXiv.org.
    2. Peter Richmond & Bertrand M. Roehner, 2016. "Property bubble in Hong Kong: A predicted decade-long slump (2016-2025)," Papers 1608.03985, arXiv.org.
    3. Aleksandr V. Gevorkyan & Jacob Assa, 2021. "Poverty in “Transition”: 30 Years After and in the Pandemic," American Journal of Economics and Sociology, Wiley Blackwell, vol. 80(4), pages 1233-1258, September.
    4. Gevorkyan, Aleksandr V., 2015. "The legends of the Caucasus: Economic transformation of Armenia and Georgia," International Business Review, Elsevier, vol. 24(6), pages 1009-1024.
    5. Grantham, George, 2013. "Reflections on the legacy of Gaidar," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 7-37, February.
    6. Fuglie, Keith, 2015. "Accounting for growth in global agriculture," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 4(3), pages 1-34, December.
    7. Idrisov, Georgy & Taganov, Boris, 2013. "Regional Trade Integration in the CIS Area," MPRA Paper 50952, University Library of Munich, Germany.
    8. Peter Richmond & Bertrand M. Roehner, 2017. "Property bubble in Hong Kong: A predicted decade-long slump (2016–2025)," Evolutionary and Institutional Economics Review, Springer, vol. 14(1), pages 79-99, June.
    9. Ballatore, Benedetto Francesco, 2021. "The importance of Russia’s agricultural sector in the MENA geopolitics," MPRA Paper 106440, University Library of Munich, Germany, revised 05 Mar 2021.
    10. Stefan Osborne & Michael A. Trueblood, 2006. "An examination of economic efficiency of Russian crop production in the reform period," Agricultural Economics, International Association of Agricultural Economists, vol. 34(1), pages 25-38, January.
    11. Ikeme, Sionegael & Han, Doo Bong, 2021. "The Impacts of the EU Integration on Food Production in Baltic Countries," 2021 Annual Meeting, August 1-3, Austin, Texas 313989, Agricultural and Applied Economics Association.
    12. Lerman, Zvi & Sutton, William R., 2006. "Productivity And Efficiency Of Small And Large Farms In Moldova," Discussion Papers 7133, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    13. Hofman, Irna & Visser, Oane, 2014. "Geographies of transition: The political and geographical factors of agrarian change in Tajikistan," IAMO Discussion Papers 199945, Institute of Agricultural Development in Transition Economies (IAMO).
    14. Georgy Idrisov & Sergey Sinelnikov-Murylev, 2014. "Forming Sources for a Long-run Growth: How to Understand Them?," Working Papers 0096, Gaidar Institute for Economic Policy, revised 2014.
    15. Tubetov, Dulat & Musshoff, Oliver & Kellner, Ulla, 2012. "Investments in Kazakhstani Dairy Farming: A Comparison of Classical Investment Theory and the Real Options Approach," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 51(3), pages 1-28, August.
    16. Margarita Grazhdaninova & Zvi Lerman, 2005. "Allocative and Technical Efficiency of Corporate Farms in Russia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 47(1), pages 200-213, March.
    17. repec:zbw:iamodp:199945 is not listed on IDEAS
    18. Miguel Martín-Retortillo & Vicente Pinilla, 2019. "The fundamental causes of economic growth: a comparative analysis of the total factor productivity growth of European agriculture, 1950-2005," Documentos de Trabajo (DT-AEHE) 1912, Asociación Española de Historia Económica.
    19. L. Jamila Haider & Wiebren J. Boonstra & Anzurat Akobirshoeva & Maja Schlüter, 2020. "Effects of development interventions on biocultural diversity: a case study from the Pamir Mountains," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(3), pages 683-697, September.
    20. Rao, N. Chandrasekhara, 2005. "Total Factor Productivity in Andhra Pradesh Agriculture," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 18(01), January.
    21. Muller, Malte & Rommel, Jens, 2018. "Should I Stay or Should I Go? A Behavioral Approach to Organizational Choice in Tajikistan’s Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(3), September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:470:y:2017:i:c:p:197-216. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.