The Relation of the Region, Industrial Mix, and Production Function to Metropolitan Wage Levels
The Review of Economics and Statistics
1967
R ECENT labor market analysis has been conducted by two rather distinct groups of economists. Each seems to have neglected the contribution of the other. Solow, Minasian, and Ferguson have explored extensively the impact of regional wage differentials on factor proportions.' Others such as Dunlop, Ross, Kerr, and Thompson have explored wage decision-making in various labor markets with little treatment of the employment effect.2 Empirical evidence will be presented here to support the arguments advanced by each group of labor market analysts. In addition, a possibility of combining the contribution of these groups into a single framework within which to study the impact and behavior of wage differentials will be suggested.
- DOI
- 10.2307/1926646
- Volume
- 49 (3)
- Pages
- 368
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