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Determinantes de la dinámica en salarios
[Determinants of wage dynamics]

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  • valdivia coria, joab dan
  • Valdivia Coria, Daney

Abstract

Marginal labor productivity (wages) and evolution over time is a relevant macroeconomic indicator. Its determinants from a structural point of view and empirical evidence by time series indicate that sustained economic growth generates favorable conditions for the labor market, positively impacting wages. On the other hand, the Herfindahl and Hirschman Index (HHI) shows that the greater the concentration of Bolivia's industrial gross domestic product, the more negative the effect on the evolution of wages. Finally, as the literature indicates, if the Human Development Index (HDI) is higher, the population has a greater probability of accessing the formal labor market, which is why wages are higher. The empirical contrast of the research was done by a model of Auto-regressive Vectors (VAR) and a Markov Switching regression due to the behavior of the wage index.

Suggested Citation

  • valdivia coria, joab dan & Valdivia Coria, Daney, 2019. "Determinantes de la dinámica en salarios [Determinants of wage dynamics]," MPRA Paper 105203, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:105203
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    References listed on IDEAS

    as
    1. Tripier, Fabien, 2006. "Sticky prices, fair wages, and the co-movements of unemployment and labor productivity growth," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2749-2774, December.
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    3. Decker, Christopher S. & Thompson, Eric C. & Wohar, Mark E., 2009. "Determinants of State Labor Productivity: The Changing Role of Density," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(1), pages 1-10.
    4. Carlino, Gerald A. & Voith, Richard, 1992. "Accounting for differences in aggregate state productivity," Regional Science and Urban Economics, Elsevier, vol. 22(4), pages 597-617, November.
    5. Kim, Chang-Jin, 1994. "Dynamic linear models with Markov-switching," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 1-22.
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    More about this item

    Keywords

    Wage index; Auto-regressive Vectors (VAR); Markov Switching.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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