국제무역
Wage Inequality Dynamics: Productivity versus Frictions
What determines the distribution of firm pay? How are these factors related to firm productivity? We develop a framework in which weakening pass-through from productivity to wages, arising from labor market distortions, drives inequality. We propose a new methodology to identify this pass-through, quantify its impact on wage inequality dynamics, and decompose it into labor market distortions. Applying our method to administrative data from Portugal, we find that increased labor market competition and rising minimum wages are the primary drivers of weakening pass-through. Our findings suggest that reducing labor market distortions can lower inequality, even if productivity dispersion remains unchanged.
많이 본 자료
![[2025.07] 대출규제](/userdata/main/incContent/sideLink/23/aaaqQGcnBTcOc8zW9uLNz20251015165742zqfnw.png)
![[사람이 되고 싶어요2] 환율의 변화](/userdata/main/incContent/sideLink/22/aaaqQGcnBTcOc8zW9uLNz20251015165408vtzoa.jpg)
