| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15204 |
| 来源ID | Working Paper 15204 |
| Capital Market Integration and Wages | |
| Anusha Chari; Peter Blair Henry; Diego Sasson | |
| 发表日期 | 2009-08-06 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | For three years after the typical emerging economy opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of three. No such increase occurs in a control group of countries. The temporary increase in the growth rate of the real wage drives up the level of average annual compensation for each worker in the sample by 487 US dollars--an increase equal to nearly one-fifth of their annual pre-liberalization salary. The increase in the growth rate of labor productivity in the aftermath of liberalization exceeds the increase in the growth rate of the real wage so that the increase in workers' incomes does not drive up unit labor costs. Overall, the results suggest that trade in capital may have a larger impact on wages than trade in goods. |
| 主题 | Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; International Finance ; International Macroeconomics ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w15204 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572880 |
| 推荐引用方式 GB/T 7714 | Anusha Chari,Peter Blair Henry,Diego Sasson. Capital Market Integration and Wages. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15204.pdf（294KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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