Productivity spillovers and the productivity–compensation gap

IF 1.5 3区经济学 Q2 ECONOMICS

Spatial Economic Analysis Pub Date : 2022-01-24 DOI:10.1080/17421772.2021.2020889

Shishir Shakya, Alicia Plemmons

引用次数: 2

Abstract

ABSTRACT Historically, compensation and productivity steadily trended synchronously with one another. However, since the mid-1970s, these two measures have diverged as productivity increases have outpaced compensation. This divergence is indicative of evidence of wage stagnation and rising income inequality. We provide arguments on the productivity–compensation gap and illuminate possible explanations about whether and why the gap exists in different industries incorporating spatial and trade networks. We confirm that the gap narrows once we account for productivity spillovers between bordering and trading states using spatially lagged X (SLX) models. The results vary across industries and provide insights for policymakers and firms about productivity and compensation patterns.

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生产率溢出和生产率补偿差距

从历史上看，薪酬和生产率稳步同步发展。然而，自20世纪70年代中期以来，随着生产率增长速度超过薪酬增长速度，这两种衡量标准出现了分歧。这种差异表明，有证据表明工资停滞不前，收入不平等加剧。我们提供了关于生产率-薪酬差距的论证，并阐明了在不同行业中是否存在以及为什么存在这种差距的可能解释，这些行业包括空间和贸易网络。我们证实，一旦我们使用空间滞后X (SLX)模型考虑了边境国和贸易国之间的生产率溢出，差距就会缩小。研究结果因行业而异，为决策者和企业提供了有关生产率和薪酬模式的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Spatial Economic Analysis ECONOMICS-

CiteScore

5.40

自引率

21.70%

发文量

期刊介绍： Spatial Economic Analysis is a pioneering economics journal dedicated to the development of theory and methods in spatial economics, published by two of the world"s leading learned societies in the analysis of spatial economics, the Regional Studies Association and the British and Irish Section of the Regional Science Association International. A spatial perspective has become increasingly relevant to our understanding of economic phenomena, both on the global scale and at the scale of cities and regions. The growth in international trade, the opening up of emerging markets, the restructuring of the world economy along regional lines, and overall strategic and political significance of globalization, have re-emphasised the importance of geographical analysis.