Determinantes de la dinámica en salarios

Determinants of wage dynamics

Joab Valdivia Coria and Daney Valdivia Coria

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Wage index; Auto-regressive Vectors (VAR); Markov Switching. (search for similar items in EconPapers)
JEL-codes: E24 J24 J31 (search for similar items in EconPapers)
Date: 2019
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