Determinantes de la dinámica en salarios

valdivia coria, joab dan and Valdivia Coria, Daney (2019): Determinantes de la dinámica en salarios.

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.

• Item Type: MPRA Paper
• English Title: Determinants of wage dynamics
• Language: Spanish
• Keywords: Wage index, Auto-regressive Vectors (VAR), Markov Switching.
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure ; Wage Differentials

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