Naslov
Industry wage premium and trade patterns with European Union: Croatian experience

Autori
Botrić, Valerija

Izvornik
European perspectives (Loka pri Mengšu) (1855-7694) 8 (2016), 1; 41-64

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
intra-industry trade ; industry wage premium ; Croatia ; EU integration.

Sažetak
Croatia experienced different adjustment mechanisms in private and public sector in terms of wage corrections during the recent economic downturn. Previous studies document that public sector, mostly due to collective bargaining procedures, enabled the employees to enjoy both relatively more secure and better paid jobs. The aim of this paper is to shift the focus on the manufacturing sector, due to its exposure to the international competition. The initial hypothesis is that two aspects have shaped the wage dynamics in the manufacturing sector during the recent period – crisis and European Union (EU) integration. By relying on the Labour Force Survey (LFS) data, and restricting the analysis to the manufacturing sector, we explore the development of the industry wage premium in the analysed segment of the Croatian economy. To that end Mincer– type wage equations were estimated for each year in the period 2004-2012. Furthermore, the dentified industry wage premiums are analysed with respect to the international trade indicators. Specifically we investigate whether the intra-industry trade changes and patterns with the EU had impact on wages in Croatia’s tradable sector. In order to empirically investigate this relationship, we use Eurostat COMEXT and Croatian LFS data

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA