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Efficiency Wage Rent Sharing Theories And Wage Determination In The Manufacturing Sector In Nigeria
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Book Synopsis Efficiency Wage, Rent-sharing Theories and Wage Determination in the Manufacturing Sector in Nigeria by : Ben E. Aigbokhan
Download or read book Efficiency Wage, Rent-sharing Theories and Wage Determination in the Manufacturing Sector in Nigeria written by Ben E. Aigbokhan and published by . This book was released on 2011 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Nigerian labour market, like other sectors of the economy, witnessed dramatic changes following the introduction of the structural adjustment programmes (SAPs) in mid 1986. The labour market has a central role to play in the attainment of SAP objectives such as employment, income growth, and poverty reduction. In 1998 and 2000 the Federal Government implemented two jumbo salary increases which raised minimum salaries in the public sector. This had further implications for wages and employment in the formal sector of the economy. It then becomes necessary to understand the labour market process in the country. This study, focusing on the wage determination process, particularly in the manufacturing sector seeks to do this"--From the abstract.
Book Synopsis Rent-sharing, Hold-up and Manufacturing Wages in Cote D'ivoire by : Jean-Paul Azam
Download or read book Rent-sharing, Hold-up and Manufacturing Wages in Cote D'ivoire written by Jean-Paul Azam and published by World Bank Publications. This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Workers appear to have some bargaining power and, in Côte d'Ivoire, can force renegotiation of labor contracts in response to new investments.
Book Synopsis Rent-sharing, Hold-up, and Manufacturing Wages in Côte D'Ivoire by : Jean-Paul Azam
Download or read book Rent-sharing, Hold-up, and Manufacturing Wages in Côte D'Ivoire written by Jean-Paul Azam and published by . This book was released on 2001 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: May 2001 - Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Workers appear to have some bargaining power and, in Côte d'Ivoire, can force renegotiation of labor contracts in response to new investments. Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Are they a brake on industrialization or the result of successful enterprise development? Are they imposed on firms by powerful unions or government regulations, or a by-product of good firm performance? Azam and Ris empirically analyze what determines manufacturing wages in Côte d'Ivoire, using an unbalanced panel of individual wages that allows them to control for observable firm-specific effects. They test the rent-sharing and hold-up theories of wage determination, as well as some aspects of efficiency-wage theories. Their results lean in favor of both rent-sharing and hold-up, suggesting that workers have some bargaining power and that in Côte d'Ivoire workers can force renegotiation of labor contracts in response to new investments. This paper--a product of Public Services for Human Development, Development Research Group--is part of a larger effort in the group to understand the impact of labor market policies and institutions on economic performance. The study was funded by the Bank's Research Support Budget under the research project "The Impact of Labor Market Policies and Institutions on Economic Performance" (RPO 680-96). Jean-Paul Azam may be contacted at [email protected].
Book Synopsis Rent-Sharing, Hold-Up, and Manufacturing Wages in Cote D'Ivoire by : Jean-Paul Azam
Download or read book Rent-Sharing, Hold-Up, and Manufacturing Wages in Cote D'Ivoire written by Jean-Paul Azam and published by . This book was released on 2016 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Workers appear to have some bargaining power and, in Cote d'Ivoire, can force renegotiation of labor contracts in response to new investments.Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Are they a brake on industrialization or the result of successful enterprise development? Are they imposed on firms by powerful unions or government regulations, or a by-product of good firm performance?Azam and Ris empirically analyze what determines manufacturing wages in Cote d'Ivoire, using an unbalanced panel of individual wages that allows them to control for observable firm-specific effects. They test the rent-sharing and hold-up theories of wage determination, as well as some aspects of efficiency-wage theories.Their results lean in favor of both rent-sharing and hold-up, suggesting that workers have some bargaining power and that in Cote d'Ivoire workers can force renegotiation of labor contracts in response to new investments.This paper - a product of Public Services for Human Development, Development Research Group - is part of a larger effort in the group to understand the impact of labor market policies and institutions on economic performance. The study was funded by the Bank's Research Support Budget under the research project quot;The Impact of Labor Market Policies and Institutions on Economic Performancequot; (RPO 680-96).
Book Synopsis The Nigerian Journal of Economics and Social Studies by :
Download or read book The Nigerian Journal of Economics and Social Studies written by and published by . This book was released on 2004 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence by : Mr.Christopher S Adam
Download or read book The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence written by Mr.Christopher S Adam and published by International Monetary Fund. This book was released on 2020-01-31 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries.
Book Synopsis A Perspective on Wage Determination and Bargaining in Nigeria by : Kehinde O. Kester
Download or read book A Perspective on Wage Determination and Bargaining in Nigeria written by Kehinde O. Kester and published by . This book was released on 2006 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ekpoma Journal of Social Sciences by :
Download or read book Ekpoma Journal of Social Sciences written by and published by . This book was released on 2011-09 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis Rent Sharing in Wage Determination by : Barbara Pistoresi
Download or read book Rent Sharing in Wage Determination written by Barbara Pistoresi and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wages, Profits and Rent-sharing by : David G. Blanchflower
Download or read book Wages, Profits and Rent-sharing written by David G. Blanchflower and published by . This book was released on 1992 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper uses CPS data from 1964 to 1985 to test for the existence of rent-sharing in US tabor markets, Using an unbalanced panel from the manufacturing sector, and random-effects and fixed-effects specifications, the paper finds that changes in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be consistent with rent-sharing theory (or a labor contract framework with risk-averse firms) and to be inconsistent with the competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit elasticity of pay at between 0.02 and 0.05.
Book Synopsis Determinants of Technical Efficiency in Nigeria's Manufacturing Sector by : A. O. Adewuyi
Download or read book Determinants of Technical Efficiency in Nigeria's Manufacturing Sector written by A. O. Adewuyi and published by . This book was released on 2006 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Indian Journal of Labour Economics by :
Download or read book The Indian Journal of Labour Economics written by and published by . This book was released on 2006 with total page 994 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Work-Sharing written by Thomas Moutos and published by . This book was released on 2004 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates two approaches to work-sharing by examining both within the same macro model. The standard approach involves imposing a quantity constraint on labour market participants (a maximum number of standard hours for each worker). This approach is compared to a revenue-neutral employment subsidy financed by a tax on overtime hours - an initiative intended to harness market incentives. The paper shows that the second approach brings much preferred results - it involves lower unemployment, higher investment, and no reduction in the wage earnings of those already employed. The analysis suggests that policymakers should not reject work-sharing just because they are (justifiably) skeptical of mandated reductions in hours. The model involves the following features: (i) it is optimization-based (so there is a well-defined reason for labour market failure); (ii) it facilitates the investigation of trade-offs (so it can be determined whether improvements in unemployment must be accompanied by reductions in productivity, investment, average hours or wage rates); (iii) it involves a small open economy (so concerns about the limits to independent policy in this setting are respected); and (iv) it can be readily calibrated (so empirically relevant quantitative results are derived).
Book Synopsis Applied Macroeconomics and Economic Development by : Adeola F. Adenikinju
Download or read book Applied Macroeconomics and Economic Development written by Adeola F. Adenikinju and published by . This book was released on 2006 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Living Wages Around the World by : Richard Anker
Download or read book Living Wages Around the World written by Richard Anker and published by Edward Elgar Publishing. This book was released on 2017-01-27 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual describes a new methodology to measure a decent but basic standard of living in different countries and how much workers need to earn to afford this, making it possible for researchers to estimate comparable living wages around the world and determine gaps between living wages and prevailing wages, even in countries with limited secondary data.
Book Synopsis Global Wage Report 2020-21 by : INTERNATIONAL LABOUR OFFICE.
Download or read book Global Wage Report 2020-21 written by INTERNATIONAL LABOUR OFFICE. and published by . This book was released on 2020-12-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis
