Factor Price Equality and the Economies of the United States

Andrew Bernard, Stephen Redding and Peter Schott

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: We develop a methodology for identifying departures from relative factor price equality across regions that is valid under general assumptions about production, markets and factors. Application of this methodology to the United States reveals substantial and increasing deviations in relative skilled wages across labor markets in both 1972 and 1992. These deviations vary systematically with labor markets industry structure both in cross section and over time.

Keywords: Factor Price Equality; Regional Wages; Neoclassical Trade Theory; Labor Market Areas (search for similar items in EconPapers)
JEL-codes: C14 F16 J30 R23 (search for similar items in EconPapers)
Date: 2005-07
New Economics Papers: this item is included in nep-geo and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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https://cep.lse.ac.uk/pubs/download/dp0696.pdf (application/pdf)

Related works:
Working Paper: Factor Price Equality and the Economies of the United States (2005)
Working Paper: Factor Price Equality and the Economies of the United States (2005)
Working Paper: Factor price equality and the economies of the United States (2005)
Working Paper: Factor Price Equality and the Economies of the United States (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0696

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