Convergencia y flexibilidad de los salarios en Argentina

Valeria J. Blanco; A. Daniela Cristina; Alberto José Figueras; Ivan Martín Iturralde

doi:10.4067/S0718-88702023000200039

Authors

Valeria J. Blanco Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas y Departamento de Economía y Finanzas https://orcid.org/0000-0002-6260-581X
A. Daniela Cristina Universidad Nacional de Córdoba, Facultad de Ciencias Económicas. Instituto de Economía y Finanzas y Departamento de Economía y Finanzas - Centro de Investigaciones en Ciencias Económicas, UNC-Conicet https://orcid.org/0000-0002-8646-0141
Alberto José Figueras Universidad Nacional de Córdoba – CICE CONICET
Ivan Martín Iturralde Universidad Nacional de Córdoba, Facultad de Ciencias Económicas. Instituto de Economía y Finanzas y Departamento de Economía y Finanzas https://orcid.org/0000-0002-9886-0820

DOI:

https://doi.org/10.4067/S0718-88702023000200039

Keywords:

Wages, convergence, wage flexibility, semiparametric estimation

Abstract

In this paper, we study wage convergence and flexibility in the labour market of Argentinean provinces. We first review historical determinants and propose a theoretical interpretation: the higher the level of convergence in wages, the lower the convergence in employment and eventually in the product level, because of the low competitiveness of the Interior Area, which conspires, via a restriction of the balance of payments, against their growth. Then, we empirically analyze wage convergence and the degree of wage flexibility in provincial labour markets for the period 1997-2013. We find evidence of real wage convergence and low wage flexibility. This indicates that wages do not depend on provincial factors such as labour productivity or local unemployment but on national determinants such as centralized wage agreements.

Downloads

Download data is not yet available.

References

Arrufat, J. L., Figueras, A. J., Blanco, V. J., & De la Mata, M. D. (2008). Analysis of regional income mobility in Argentina. In G. Tondl (Ed.), Trade, integration and economic development (pp. 325–350). Springer. https://doi.org/10.1007/978-3-211-75150-3_15

Baltagi, B. H., & Li, Q. (2002). Series estimation of partially linear panel data models with fixed effects. Annals of Economics and Finance, 3(1), 103–116.

Barro, R. J., & Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy, 100(2), 223–251. https://doi.org/10.1086/261816

Barro, R. J., & Sala-i-Martin, X. (2004). Economic growth (2nd ed.). MIT Press.

Braudel, F. (1966). La Méditerranée et le monde méditerranéen à l'époque de Philippe II [The Mediterranean and the Mediterranean world in the age of Philip II]. Armand Colin.

Capello, M., & Figueras, A. (2007). Enfermedad holandesa en las jurisdicciones subnacionales: Una explicación del estancamiento [Dutch disease in subnational jurisdictions: An explanation of stagnation]. Revista Cultura Económica, 25(69), 15–25.

Capello, M., Figueras, A., Freille, S., & Moncarz, P. (2009). Fiscal transfers, regional labour markets and economic convergence [Ponencia]. XLIV Reunión Anual de la Asociación Argentina de Economía Política, Mendoza, Argentina.

Capello, M., Figueras, A., Freille, S., & Moncarz, P. (2013). The role of federal transfers in regional convergence in human development indicators in Argentina. Investigaciones Regionales, (27), 31–45.

Capello, M., Figueras, A., Grion, N., & Moncarz, P. (2008). Los potenciales efectos perversos de las transferencias fiscales a los gobiernos subnacionales [The potential perverse effects of fiscal transfers to subnational governments] [Ponencia]. XLIII Reunión Anual de la Asociación Argentina de Economía Política.

Chen, S., Heckman, J., & Vytlacil, V. (1998). Identification and N estimation of semiparametric panel data models with binary variables and latent factors [Manuscrito no publicado]. Department of Economics, University of Chicago.

Christaller, W. (1966). Central places in southern Germany. Prentice Hall.

Figueras, A. J., Arrufat, J. L., & Regis, P. J. (2003). El fenómeno de la convergencia regional: Una contribución [The phenomenon of regional convergence: A contribution] [Ponencia]. XXXVIII Reunión de la Asociación Argentina de Economía Política, Mendoza, Argentina.

Figueras, A. J., Cristina, D., Blanco, V., Iturralde, I., & Capello, M. (2014). Un aporte al debate sobre la convergencia en Argentina: La importancia de los cambios estructurales [A contribution to the debate on convergence in Argentina: The importance of structural change]. Revista Finanzas y Política Económica, 6(2), 287–316. https://doi.org/10.14718/revfinanzpolitecon.2014.6.2.4

Figueras, A., Freille, S., Moncarz, P., & Capello, M. (2011). Transferencias fiscales, el problema de la dádiva subnacional y la convergencia (económica y social) [Fiscal transfers, the problem of the subnational handout and (economic and social) convergence] [Ponencia]. Jornadas de Política Económica, Málaga, España.

Li, Q., & Hsiao, C. (1998). Testing serial correlation in semiparametric panel data models. Journal of Econometrics, 87(2), 207–237. https://doi.org/10.1016/S0304-4076(98)00013-X

Li, Q., & Stengos, T. (1996). Semiparametric estimation of partially linear panel data models. Journal of Econometrics, 71, 389–397. https://doi.org/10.1108/S0731-905320160000036011

Maloney, W., & Valencia Caicedo, F. (2012). The persistence of (subnational) fortune: Geography, agglomeration, and institutions in the New World (Documentos CEDE N.º 23). Universidad de Los Andes.

Maza, A., & Moral-Arce, I. (2006). An analysis of wage flexibility: Evidence from the Spanish regions. Annals of Regional Science, 40(3), 621–637.

Maza, A., & Villaverde, J. (2009). Provincial wages in Spain: Convergence and flexibility. Urban Studies, 46(9), 1969–1993. https://doi.org/10.1177/0042098009106018

Moncarz, P., Freille, S., Figueras, A., & Grion, N. (2017). Do intergovernmental transfers affect the distribution of manufacturing production across regions in federal countries? Theory and evidence for Argentina. Regional and Federal Studies, 4, 359–392. https://doi.org/10.1080/13597566.2017.1333959

Moral-Arce, I., & Maza Fernández, A. (2010). ¿Flexibilidad o rigidez salarial en España? Un análisis a escala regional [Wage flexibility or rigidity in Spain? A regional-scale analysis]. Revista de Estudios Empresariales. Segunda Época, (1), 217–230.

Porto, A. (1986). Finanzas provinciales: Análisis comparativo [Provincial public finances: A comparative analysis] [Ponencia]. XVIII Jornadas Internacionales de Finanzas Públicas, Córdoba, Argentina.

Thirlwall, A. (1980). Regional problems are balance of payments problems. Regional Studies, 14(5), 419–425. https://doi.org/10.1080/09595238000185371

Thirlwall, A. (2002). The nature of economic growth. Edward Elgar.

Utrera, G. E., & Koroch, J. A. (2000). Regional convergence in Argentina: Empirical evidence [Ponencia]. XXXV Reunión Anual de la AAEP, Córdoba, Argentina.

Villanueva, J. (Ed.). (1988). Empleo, inflación y comercio internacional [Employment, inflation and international trade]. Editorial Tesis.