Ivrendi, Mehmet; Guloglu, Bulent; Yetkiner, Y. Hakan - 2013
This paper presents empirical evidence that the neoclassical explanation of real wage has a high explanatory power at … macro level. The factor endowments explanation of wage is surprisingly rare in the literature, at least at empirical level … and labor stocks) have a significant explanatory power on the determination of real wage. Based on our results, we …