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The wage transition in developed countries and its implications for China

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  • Baaquie, Belal Ehsan
  • Roehner, Bertrand M.
  • Wang, Qing-hai

Abstract

The expression “wage transition” refers to the fact that over the past three decades in almost all developed economies wage increases have leveled off. There has been a widening divergence and decoupling between wages on the one hand and GDP per capita on the other hand. Yet, in China wages and GDP per capita climbed in sync (at least up to now).

Suggested Citation

  • Baaquie, Belal Ehsan & Roehner, Bertrand M. & Wang, Qing-hai, 2017. "The wage transition in developed countries and its implications for China," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 470(C), pages 197-216.
    • Handle: RePEc:eee:phsmap:v:470:y:2017:i:c:p:197-216
    DOI: 10.1016/j.physa.2016.11.092
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    References listed on IDEAS

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    1. Gaidar, Yegor, 2012. "Russia: A Long View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262017415, December.
    2. Bertrand M. Roehner, 2009. "Hidden Collective Factors in Speculative Trading," Springer Books, Springer, number 978-3-642-03048-2, November.
    3. Lerman, Zvi & Kislev, Yoav & Biton, David & Kriss, Alon, 2003. "Agricultural Output and Productivity in the Former Soviet Republics," Economic Development and Cultural Change, University of Chicago Press, vol. 51(4), pages 999-1018, July.
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