Relative Wage Variation and Industry Location in the United Kingdom*

Andrew Bernard, Stephen Redding, Peter Schott and Helen Simpson

Oxford Bulletin of Economics and Statistics, 2008, vol. 70, issue 4, 431-459

Abstract: This paper shows that both relative wages and industry structure vary considerably across regions of the United Kingdom. In accordance with the neoclassical model of trade, regions abundant in a factor (i) exhibit lower relative prices of that factor than regions scarce in the factor, and (ii) tend to specialize in a mix of industries intensive in the use of the factor. We show that this specialization leads UK regions to be asymmetrically exposed to external macroeconomic or international trade shocks.

Date: 2008
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https://doi.org/10.1111/j.1468-0084.2008.00510.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:70:y:2008:i:4:p:431-459

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