Dreger, Christian; Reimers, Hans-Eggert - Institute for the Study of Labor (IZA) - 2010
This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial … across sectors might occur. Using a principal component approach, sectoral wage growth rates are separated into common and … idiosyncratic conditions like sectoral productivity and prices, probably due to the ongoing globalization of markets. …