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- Salarios Regionales Y Dotaciones De Capital Humano

Listed author(s):
  • Lorenzo Serrano Martínez

    (Universitat de València)

This paper analyses the regional wages in Spain and tests their relationship with the different regional human capital endowments, using an approach that takes into account the possible measurement error in human capital indicators. The results indicate that, when allowing for the possibility of regional differences in the utility provided by an equal wage, wages show a unitary elasticity respect to human capital. Therefore, with such a similar regional utility by unit of human capital, there would be neither incentives to migrate nor welfare gains to achieve through a higher hypothetical labour mobility. Este trabajo analiza los salarios regionales en España y contrasta su relación con las distintas dotaciones de capital humano de cada región. Para ello se utilizan técnicas que consideran la posibilidad de error de medida en la variable capital humano. Los resultados muestran que, una vez se considera la posibilidad de diferencias regionales en la utilidad que proporciona una misma retribución monetaria del capital humano, los salarios muestran una elasticidad unitaria respecto al capital humano. Por tanto, con una utilidad por unidad de capital humano similar a nivel regional, no habría incentivos a la emigración ni ganancias de bienestar a obtener de una hipotética mayor movilidad territorial de los recursos humanos.

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File Function: Fisrt version / Primera version, 1999
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 1999-04.

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Length: 23 pages
Date of creation: Mar 1999
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:1999-04
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