Common and country specific factors in the distribution of real wages

Eleni Chatzivgeri, Haroon Mumtaz, Daniela Tavasci and Luigi Ventimiglia
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Eleni Chatzivgeri: Heriot-Watt University

No 863, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: We use a dynamic factor model to consider if real wage growth in the US, UK and Germany at different percentiles of the distribution can be explained by factors that are common across countries or specific to each country. Our results suggest that common factors explain a large proportion of the movement in wages when considering the left tail of the distribution indicating that shocks that are common across countries are important for low wage households.

Keywords: Household wages; dynamic factor model (search for similar items in EconPapers)
JEL-codes: C5 E1 E5 E6 (search for similar items in EconPapers)
Date: 2018-07-30
New Economics Papers: this item is included in nep-mac
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Journal Article: Common and country specific factors in the distribution of real wages (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:863

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