Computer Science
5 years ago

Armenia's High Wages Linked to Remittances, Defying Global Trends.

RePEc: Research Papers in Economics
Cross-Country Wage Differentials
Hayk Karapetyan

Paper Summary

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The article looks at why wages differ between countries, focusing on Armenia. They studied data from 55 countries over 20 years and found that higher productivity and lower unemployment lead to higher wages. In Armenia, wages are higher than in many other countries, mainly due to remittances from people working abroad.