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The Shadow‐Price Of Labour And Employment Benefits In A Developing Economy

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  • H.F. CAMPBELL

Abstract

The paper describes and analyses data obtained from a survey of the labour force of a tuna cannery in Papua New Guinea. Estimates of the value of employees’ work and travel time are obtained and used to calculate the shadow‐price of labour under alternative assumptions about the labour market and the economy. The shadow‐prices are used to calculate annual employment benefits to the indigenous labour force and to the economy as a whole. These benefits can amount to approximately half of the gross wage bill. Benefits by sex and skill category of worker are also reported. The results of the paper can be used to calculate employment benefits in other similar circumstances in other industries and countries.

Suggested Citation

  • H.F. Campbell, 2008. "The Shadow‐Price Of Labour And Employment Benefits In A Developing Economy," Australian Economic Papers, Wiley Blackwell, vol. 47(4), pages 311-319, December.
    • Handle: RePEc:bla:ausecp:v:47:y:2008:i:4:p:311-319
    DOI: 10.1111/j.1467-8454.2008.00351.x
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    References listed on IDEAS

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    1. Elio H. Londero, 2003. "Shadow Prices for Project Appraisal," Books, Edward Elgar Publishing, number 3064.
    2. Campbell, H. F. & Hand, A. J., 1998. "Joint ventures and technology transfer: the Solomon Islands pole-and-line fishery," Journal of Development Economics, Elsevier, vol. 57(2), pages 421-442.
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