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Kontakt
Katja Pohle
Telefon: +49 345 55-21422
Telefax: +49 345 55-27404
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Stefan Nikolic "Spatial inequality in prices and wages: Town-level evidence from the First Globalisation"
Termin |
Mittwoch, 19. April 2023, 18.00 - 19.30 Uhr |
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Veranstaltungsart | Kolloquium |
Reihe | Forschungsseminar "Economic History, Growth & Development" |
Einrichtung | Wirtschaftswissenschaftlicher Bereich |
Veranstalter | Lehrstuhl Professor Börner |
Veranstaltungsort | Große Steinstraße 73, SR 1 |
Straße | Große Steinstraße 73 |
PLZ/Ort | 06108 Halle |
Beschreibung
Stefan Nikoli? (Dondena Centre for Research on Social Dynamics and Public Policy at Bocconi University)
Abstract: This article leverages uniquely abundant town-level data to examine spatial inequality in prices and wages during the First Globalisation. I build a new dataset on prices of traded and household goods, and wages of skilled and unskilled workers for a panel of 42 towns in Serbia, in the period from 1863 to 1910. I apply the welfare ratio approach to calculate real wages of day labourers and masons. I find strong convergence in grain prices and costs of living, but divergence in wages, both nominal and real. I estimate panel-data models to explore drivers of inter-urban differences in prices and wages. The main results suggest that falling transport costs decreased price gaps, whereas rising population differences increased wage gaps. The findings are consistent with theoretical predictions of new economic geography and urban economics.
Webseite | https://iw.wiwi.uni-halle.de/research_seminar/ |
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