Arbeitspapier
The Micro-Economics of 'Surplus Labor
This paper examines the apparent conflict between the classical assumption of a bargaining agricultural sector wage and the neoclassical assumption of a competitive wage in the context of a labor surplus developing economy. It concludes that the relatively inelastic supply of labor hours offered by low income small or landless farmers in the static micro-economic leisure/work context is perfectly consistent with the persistence for some time of an institutional real wage offered to the non-agricultural sector of the dual economy. Empirical evidence is brought to bear in support of that position.
- Sprache
-
Englisch
- Erschienen in
-
Series: Center Discussion Paper ; No. 772
- Klassifikation
-
Wirtschaft
- Thema
-
Institutional vs. Competitive Real Wage
Labor Surplus Economy
Neoclassical vs. Classical Labor Markets
Lohntheorie
Arbeitsmarkttheorie
Neoklassik
Klassische Theorie
Landwirtschaft
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ranis, Gustav
- Ereignis
-
Veröffentlichung
- (wer)
-
Yale University, Economic Growth Center
- (wo)
-
New Haven, CT
- (wann)
-
1997
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ranis, Gustav
- Yale University, Economic Growth Center
Entstanden
- 1997
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