Congresos y reuniones científicas
Wages and productivity in Argentina: A structural and distributional approach in the manufacturing sector
Conferencia; 3rd International Conference in Heterodox Economics; 2022
Institución organizadora:
Grupo de Socioeconomía, Instituciones y Desarrollo Centro de Investigaciones para el Desarrollo (CID). Universidad Nacional de Colombia (UNAL)
Wages and productivity represent two of the most relevant variables in economic development. Given that the accumulation of productive capabilities and a narrower dispersion across sectors would enable emerging countries to overcome the middle-income trap and to reduce wage-productivity gap, we pose the following questions: is there a link between labour productivity and wages in Argentinean manufacturing? Does it differ across techno-productive classes or wage levels? Which factors affect this nexus, considering premature deindustrialisation? Using firm-level data from 2010 to 2016, we perform quantile regression estimates to evaluate the link between productivity and wages across the conditional wage distribution among manufacturing firms. Based on a structural analysis, we identify the differences in these elasticities at 2-ISIC code levels and across Pavitt taxonomies. Our results confirm a positive pass-through between productivity and wages in the Argentinian manufacturing firms, different across sectors according to their techno-productive capabilities, robust under different empirical strategies.