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This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012871740
In 2018, 16.4% of Filipino workers stated during the Labor Force Survey (LFS) period that they wanted to have more work hours in their present jobs, or to have an additional job, or to have a new job with longer work hours, i.e., declared themselves underemployed. This study inquires why....
Persistent link: https://www.econbiz.de/10012859982
We show that Mazumdar`s recently proposed methods for estimating the elasticity of the wage bill with respect to output growth, and for decomposing the growth rate of the wage rate into an output effect, an employment effect, and a price effect, are problematic. The decomposition proposed is a...
Persistent link: https://www.econbiz.de/10012754304