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Replication data for: Capital Market Integration and Wages

Resource Type
  • Chari, Anusha
  • Henry, Peter Blair
  • Sasson, Diego
Publication Date
  • Abstract

    For three years after the typical emerging economy 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 three. No such increase occurs in a control group of countries that do not liberalize. The temporary increase in wage growth drives up the level of the average worker's annual compensation by US $487—an increase equal to nearly one-fifth of their annual pre-liberalization salary. Overall, the results suggest that trade in capital may have a larger impact on wages than trade in goods. (JEL E25, E44, F16, F43, G18, O16)
  • Is supplement to
    DOI: 10.1257/mac.4.2.102 (Text)
  • Chari, Anusha, Peter Blair Henry, and Diego Sasson. “Capital Market Integration and Wages.” American Economic Journal: Macroeconomics 4, no. 2 (April 2012): 102–32.
    • ID: 10.1257/mac.4.2.102 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Chari, Anusha; Henry, Peter Blair; Sasson, Diego (2012): Replication data for: Capital Market Integration and Wages. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.