Petreski, Marjan and Mojsoska-Blazevski, Nikica (2011): Real Wages in the Manufacturing Industry in Macedonia: The Role of Macroeconomic Factors, with reference to recession times.
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In this paper we analyze the determinants of real wages in Macedonia’s manufacturing sector. We emphasize the macroeconomic aspects involved, and use econometric panel data techniques to model the behaviour of real wages for the period 2005:1-2010:12, using monthly data. In the study we found non-negligible persistence of real wages, which reduces in the recession period. We further find a role for prices, real exchange rate and the tariff index in determining real wages.
|Item Type:||MPRA Paper|
|Original Title:||Real Wages in the Manufacturing Industry in Macedonia: The Role of Macroeconomic Factors, with reference to recession times|
|English Title:||Real Wages in the Manufacturing Industry in Macedonia: The Role of Macroeconomic Factors, with reference to recession times|
|Keywords:||real wages, Macedonia, panel data, Generalized Method of Moments|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials
|Depositing User:||Marjan Petreski|
|Date Deposited:||16. Oct 2012 09:18|
|Last Modified:||13. Feb 2013 11:52|
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