Using online data for international wage comparisons

Alberto Cavallo, Andres Drenik and Javier Cravino
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Andres Drenik: Columbia University

No 645, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: We use a novel dataset from a large freelance website to document international wage differences for performing tasks that can be delivered online. We show large wage disparities across freelancers from different countries working on narrowly defined occupations. These wage differentials across countries cannot be explained by differences in observable worker characteristics. Instead, real exchange rate levels account for about 70 percent of the cross-country-variation in average wages, and the elasticity of relative wages with respect to the real exchange rate is about 0.4. The magnitudes of these findings are pervasive across different country groups and types of jobs.

Date: 2019
New Economics Papers: this item is included in nep-ltv, nep-opm and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed019:645

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