| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4227 |
| DP4227 The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis | |
| Jurgen von Hagen; Jizhong Zhou | |
| 发表日期 | 2004-02-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Spatial wage disparities can result from spatial differences in the skill composition of the workforce, in non-human endowments, and in local interactions. To distinguish between these explanations, we estimate a model of wage determination across local labour markets using a very large panel of French workers. We control for worker characteristics, worker fixed-effects, industry fixed-effects, and the characteristics of the local labour market. Our findings suggest that individual skills account for a large fraction of existing spatial wage disparities with strong evidence of spatial sorting by skills. Interaction effects are mostly driven by the local density of employment. Not controlling for worker heterogeneity biases estimates of agglomeration economies by up to 100%. We also find evidence of various omitted variable biases and reverse causality between agglomeration and high wages. Finally, endowments only appear to play a small role. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Local labour market Spatial wage disparities Panel data analysis Sorting |
| URL | https://cepr.org/publications/dp4227 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533194 |
| 推荐引用方式 GB/T 7714 | Jurgen von Hagen,Jizhong Zhou. DP4227 The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis. 2004. |
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