Wage Differentials and Economic Growth (Routledge Revivals): 1st Edition (Hardback) book cover

Wage Differentials and Economic Growth (Routledge Revivals)

1st Edition

By Pasquale Sgro

Routledge

148 pages

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Description

This book, which was first published in 1980, is concerned with one particular branch of growth theory, namely descriptive growth theory. It is typically assumed in growth theory that both the factors and goods market are perfectly competitive. In particular this implies amongst other things that the reward to each factor is identical in each sector of the economy. In this book the assumption of identical factor rewards is relaxed and the implications of an intersectoral wage differential for economic growth are analysed. There is also some discussion on the short-term and long-run effects of minimum wage legislation on growth. This book will serve as key reading for students of economics.

Table of Contents

Acknowledgments; General Remarks; Part 1: Two-Sector Growth Models; 1. A Two-sector Fixed Coefficient Model 2. A Two-sector Variable Coefficient Growth Model; Part 2: Wage Differentials and Economic Growth; 3. Wage Differentials and the Fixed Coefficient Growth Model 4. Wage Differentials and the Variable Coefficient Growth Model; Part 3: International Trade and Economic Growth; 5. An Open Economy Two-sector Growth Model 6. Trade and Growth with Wage Differentials; Appendix 1: Homotheticity and Demand; Appendix 2: The Elasticity of Labour Mobility; References; Author Index; Subject Index

About the Series

Routledge Revivals

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Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS021000
BUSINESS & ECONOMICS / Econometrics
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory