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Wage Determination And Employment In Traditional Agriculture

Author

Listed:
  • James McIntosh

    (Concordia University, Montréal)

Abstract

Wages in traditional agrarian societies are often observed to be above reservation wages even in the slack season when markets are in a state of excess labour supply. Models of non-cooperative wage setting by landlords which explicitly take account of the costs of supervising hired labour and emphasize worker heterogeneity are developed and analysed. Both symmetric and asymmetric information cases are considered. Conditions are given for the existence of competitive equilibria and their relationship to Nash equilibria. Nash equilibria are shown to be more likely to exist. Nash equilibria exhibit wage dispersion and involuntary unemployment or underemployment with identical workers earning different wage rates.

Suggested Citation

  • James McIntosh, 1998. "Wage Determination And Employment In Traditional Agriculture," Discussion Papers 98-02, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9802
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    File URL: http://www.econ.ku.dk/english/research/publications/wp/1998/9802.pdf/
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    More about this item

    Keywords

    wages; involuntary unemployment; underemployment; supervision costs;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets

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