Causality Analysis between Living Costs and Wages

摘要：

Many researchers agree that there is a strong relationship between wage and living cost,and living cost leads to rise of wage.This paper conducts an empirical analysis on causality between living cost and wage in China using Granger causality test including Unit Root Test,Cointegration and Error Correction Model.Results indicate that wage change plays an important role in living cost change,but living cost has unclear effects on wage justification.If Chinese government designs policy about living wage like other nations,a circular up-grading system will form between wages and living cost,wage and hying cost will upgrading more rapidly through stimulation each other.Highly paid labors will weaken economic competitiveness of a urban,and therefore having side-effects on urban growth.Moreover,low-wage workers and families will possibly become poorer.

关键词： housing price living cost wage causality analysis

作者: WANG Ying LIU Shuru ZHANG Suxian

作者单位: School of Management at Xian University of Architecture and Technology Faculty of Economic and Fina School of Management at Xian University of Architecture and Technology. Xian,China School of Management at Xian University of Architecture and Technology Faculty of Management at

会议类型: 国际会议

会议名称: 2006 International Conferncen on Construction & Real Estate Management(2006建筑与房地产管理国际会议)

会议地点: 美国奥兰多

会议语种:英文

页码: 1682-1684

在线出版日期: 2006-10-05（万方平台首次上网日期，不代表论文的发表时间）