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http://hdl.handle.net/2183/18238 A generalized NEG wage-type equation
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Bruna, F. (2015): A generalized NEG wage-type equation, in Díaz-Roldán, C. and Perote, J. (eds.): Advances on International Economics, chapter 4, pp. 63-82. Cambridge Scholars Publishing, Newcastle
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[Abstract]: This chapter discusses several controversial issues of the New Economic Geography (NEG) theory, focusing on some problems of interpretation regarding the estimation results of a wage equation. In order to do that, several wage equations found in the literature are encompassed under the derivation of a new generalized wage-type equation, with marginal cost as dependent variable. A testable equation controlling for human and physical capital stocks is also derived.