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Why do macro wage elasticities diverge?

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Author Info
Kees Folmer ()
Abstract

This study analyses macro elasticities of the gross yearly wage per employee. From some 90 books, articles and working papers, more than 1000 elasticities have been extracted. The results indicate that the dynamic specification of the wage equation, the choice of explanatory variables and restrictions on estimated coefficients all have their impact on estimated elasticities. From the results, we generate benchmark values for each type of elasticity that may be useful to calibrate policy simulation models.

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Paper provided by CPB Netherlands Bureau for Economic Policy Analysis in its series CPB Discussion Papers with number 122.

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Date of creation: Mar 2009
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Handle: RePEc:cpb:discus:122

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Related research
Keywords: elasticity of pay; meta analysis;

Find related papers by JEL classification:
C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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