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Increasing returns: evidence from local wage rates in great britain

Fingleton, B. (2003) Increasing returns: evidence from local wage rates in great britain. Oxford Economic Papers, 55 (4). pp. 716-739. ISSN 0030-7653

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Abstract

This paper shows that wage rate variations among local areas of Great Britain are significantly positively related to employment density, and argues that this is due to the presence of increasing returns deriving from more varied producer services in denser areas, controlling for the effect on wages of good access to an efficient workforce, either locally or as a result of in-commuting. The higher wages in Greater London in particular are seen to be linked to increasing returns and enhanced worker efficiency, although other central city areas show similar influences to a lesser degree, with in-commuting a significant factor.

Item type: Article
ID code: 7963
Keywords: wage rates, increasing returns, workforce, labour, Commerce, Economic Theory, Economics and Econometrics
Subjects: Social Sciences > Commerce
Social Sciences > Economic Theory
Department: Strathclyde Business School > Economics
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 06 May 2009 15:34
    Last modified: 04 Sep 2014 15:22
    URI: http://strathprints.strath.ac.uk/id/eprint/7963

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