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Factor price equality and the economies of the United States

Bernard, Andrew B., Redding, Stephen and Schott, Peter K. (2005) Factor price equality and the economies of the United States. . London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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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

Item Type: Monograph (Discussion Paper)
Official URL:
Additional Information: © 2005 A. B. Bernard, S. Redding and P. K. Schott
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
JEL classification: R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R23 - Regional Migration; Regional Labor Markets; Population
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods: General > C14 - Semiparametric and Nonparametric Methods
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J30 - General
F - International Economics > F1 - Trade > F16 - Trade and Labor Market Interactions
Date Deposited: 03 Mar 2008
Last Modified: 15 Sep 2023 23:02

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