Capital Market Integration and Wages

@inproceedings{Chari2009CapitalMI,
  title={Capital Market Integration and Wages},
  author={Anusha Chari and P. Henry and D. M. B. Sassoon},
  year={2009}
}
For three years after the typical developing country opens its stock market to inflows of foreign capital, the average annual growth rate of the real wage in the manufacturing sector increases by a factor of seven. No such increase occurs in a control group of developing countries. The temporary increase in the growth rate of the real wage drives up the level of average annual compensation for each worker in the sample by 609 US dollars—an increase equal to 25 percent of their annual pre… CONTINUE READING

References

Publications referenced by this paper.
Showing 1-10 of 62 references

Estimating Standard Errors in Finance Panel Data Sets: ComparingApproaches.

  • Petersen, Mitchell
  • Review of Financial Studies, January,
  • 2009

Immigration and Inequality

  • Card, David
  • NBER Working Paper Number
  • 2009

Blue-collar blues: Is trade to blame for rising US income inequality?, Institute for International Economics

  • Lawrence, Robert
  • 2008

Did Foreign Direct Investment Put an Upward Pressure on Wages in China?

  • Hale, Galina, Cheryl Long
  • Federal Reserve Bank of San Francisco Working…
  • 2008

Immigration and Wages : Clarifying the Theory and the Empirics

  • H. KeithK.
  • 2008

Immigration and Wages; Clarifying the Theory and Empirics

  • Ottaviano, Gianmarco, Giovanni Peri
  • NBER Working Paper Number
  • 2008

Distributional Effects of Globalization in Developing Countries,

  • Goldberg, Pinelopi, Nina Pavcnik
  • Journal of Economic Literature,
  • 2007

Similar Papers

Loading similar papers…