1st Edition
Work Behavior of the World's Poor Theory, Evidence and Policy
By Mohammed Sharif
Copyright 2003
192 Pages
by
Routledge
192 Pages
by
Routledge
The working poor of the world are observed to engage in long hours in hard jobs and to work more if wages are further reduced. Mainstream economics brushes off this tendency to increase labour supply as wages fall as perverse because it does not fit the conventional wisdom and tries to explain it as a result of "subsistence mentality", "limited aspiration", or "target income" behaviour of the... Read more
1 The ‘Perverse Behavior’ Hypothesis— Issues for Investigation 2 Inverted 'S '— The Complete Neoclassical Labor Supply Function 3 Poverty and the Forward Falling Labor Supply Function— A Microeconomic Analysis 4 A Technique for Estimating a Direct Utility Function 5 Landholdings, Living Standards, and Labor Supply Functions—Evidence from a Poor Agrarian Economy 6 Working Poor Unemployment and Wage Rigidity —Evidence of Economic Distress 7 Forward Falling Labor Supply— Implications for Wage Rigidity, Unemployment, and Plan Failure 8 A Behavioral Analysis of the Subsistence Standard of Living 9 Main Findings of the Study Index.
Biography
Mohammed Sharif, University of Rhode Island, USA.
