This article examines the wage dispersion in the European Union in the last ten years (1996-2006). The research is motivated by the fact that New Members States (NMS) expected that wage convergence would occurred after their accession to the EU. At the same time Old Member States (OMS) have been increasingly concerned with the possibility that the EU enlargement could influence their local labor markets and wages through new channels of imports from low wage countries, eastward relocation of their production or/and inflow of migration. Still the dispersion of wages between the NMS and the core EU countries is significant. Our calculations comprise of sigma and beta convergence adopted from the real growth literature. To check the stability of the results different econometric specifications are employed such as: OLS, Random and Fixed Model, and the dynamic approach with system GMM estimator.
Authors
Additional information
- Category
- Publikacja monograficzna
- Type
- rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym
- Language
- angielski
- Publication year
- 2009
