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Wage Convergence among ASEAN countries

Lindholm, Caroline LU (2016) NEKH01 20151
Department of Economics
Abstract
This thesis discusses whether wage convergence has taken place between six countries in the Association of the Southeast Asian Nation (ASEAN) from the time between 2000 and 2014. The countries included are Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam. Following the approach by Stehrer and Wörz (2003), a fixed-effects model which uses initial wage gap to a reference country (this case Singapore) was used.
Conclusions in this thesis lie mainly in line with previous literature. There seems to be convergence among all countries in the dataset, even when controlling for country-fixed effects and allowing for country specific slopes. However, the magnitudes do differ from previous literature, which could be due to... (More)
This thesis discusses whether wage convergence has taken place between six countries in the Association of the Southeast Asian Nation (ASEAN) from the time between 2000 and 2014. The countries included are Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam. Following the approach by Stehrer and Wörz (2003), a fixed-effects model which uses initial wage gap to a reference country (this case Singapore) was used.
Conclusions in this thesis lie mainly in line with previous literature. There seems to be convergence among all countries in the dataset, even when controlling for country-fixed effects and allowing for country specific slopes. However, the magnitudes do differ from previous literature, which could be due to misspecification or measurement errors. (Less)
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author
Lindholm, Caroline LU
supervisor
organization
course
NEKH01 20151
year
type
M2 - Bachelor Degree
subject
keywords
Macroeconomics, ASEAN, wage convergence, wage growth
language
English
id
8894031
date added to LUP
2016-10-26 10:45:11
date last changed
2016-10-26 10:45:11
@misc{8894031,
  abstract     = {This thesis discusses whether wage convergence has taken place between six countries in the Association of the Southeast Asian Nation (ASEAN) from the time between 2000 and 2014. The countries included are Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam. Following the approach by Stehrer and Wörz (2003), a fixed-effects model which uses initial wage gap to a reference country (this case Singapore) was used.
Conclusions in this thesis lie mainly in line with previous literature. There seems to be convergence among all countries in the dataset, even when controlling for country-fixed effects and allowing for country specific slopes. However, the magnitudes do differ from previous literature, which could be due to misspecification or measurement errors.},
  author       = {Lindholm, Caroline},
  keyword      = {Macroeconomics,ASEAN,wage convergence,wage growth},
  language     = {eng},
  note         = {Student Paper},
  title        = {Wage Convergence among ASEAN countries},
  year         = {2016},
}