Value-chain activities and individual wages
| Autor: | Laura Márquez-Ramos |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Labour economics
media_common.quotation_subject Slovenia value-chain activities 05 social sciences industry affiliation Wage individual wages skill premium Originality Germany 0502 economics and business Value (economics) Wage equation Economics Business Management and Accounting (miscellaneous) 050211 marketing Business and International Management Value chain Emerging markets Developed country 050203 business & management Panel data media_common |
| Zdroj: | critical perspectives on international business. 17:53-71 |
| ISSN: | 1742-2043 1995-2007 |
| DOI: | 10.1108/cpoib-12-2017-0102 |
| Popis: | Purpose The purpose of this paper is to contribute to a better understanding of whether emerging economies benefit or suffer more because of value-chain activities than advanced economies do. Specifically, it focuses on the consequences in terms of individual wages. Design/methodology/approach Panel data techniques are used to estimate an expanded Mincerian wage equation over the period 1995-2007. The analysis is performed using micro-level data for two countries that represent two different experiences of value-chain activities in Central Europe: Germany and Slovenia. Findings Increasing value-chain activities reduce wages for low-skilled workers in high-skill-intensive industries in Germany, hence driving up the skill wage premium. Conversely, evidence is found of a decreasing skill wage premium as a consequence of increasing value-chain activities in Slovenia. Finally, increasing value-chain activities reduces the wages of workers in low-skill-intensive industries in both Germany and Slovenia. Originality/value This paper analyses the effect of value-chain activities on wages. It is the first empirical assessment that brings individual wage data directly into the picture for an international comparison focussed on two Central European countries that represent “two faces” of value chains. This paper shows that the effects of increasing value-chain activities on wages differ by country, by industry and by individual skills. |
| Databáze: | OpenAIRE |
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