Arbeitspapier
Labor Surplus Economies
The labor surplus economy model has as its basic premise the inability of unskilled agricultural labor markets to clear in countries with high man/land ratios. In such situations, the marginal product of labor is likely to fall below a bargaining wage, related to the average rather than the marginal product. The reallocation of such disguisedly unemployed workers by means of 'balanced' intersectoral growth ultimately permits the entire economy to operate on neo-classical principles. Finally, the paper introduces open economy dimensions, indicates the existence of other labor surplus sub-sectors and briefly responds to neo-classical critiques on both theoretical and empirical grounds.
- Language
-
Englisch
- Bibliographic citation
-
Series: Center Discussion Paper ; No. 900
- Classification
-
Wirtschaft
Economic Development: General
Microeconomic Analyses of Economic Development
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- Subject
-
Development Theory
Labor Markets
Arbeitsmarkt
Landwirtschaft
Unterbeschäftigung
Gleichgewichtiges Wachstum
- Event
-
Geistige Schöpfung
- (who)
-
Ranis, Gustav
- Event
-
Veröffentlichung
- (who)
-
Yale University, Economic Growth Center
- (where)
-
New Haven, CT
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ranis, Gustav
- Yale University, Economic Growth Center
Time of origin
- 2004
Other Objects (12)
Labor surplus revisited
Surplus labor and industrialization
The Micro-Economics of 'Surplus Labor
Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies
Economic Development with Surplus Labor: Some Complications
Is there surplus labor in rural India?
Trade and development in a labor surplus economy
Urban Labor Surplus and the Commerce Sector: Colombia
Incomplete and Asymmetric Surplus Information in Labor Relations
Trade and development in a labor surplus economy
Where does the surplus go? Disentangling the capital-labor distributive conflict
Labor markets and labor market institutions in transition economies
Labor surplus revisited
Surplus labor and industrialization
The Micro-Economics of 'Surplus Labor
Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies
Economic Development with Surplus Labor: Some Complications
Is there surplus labor in rural India?
Trade and development in a labor surplus economy
Urban Labor Surplus and the Commerce Sector: Colombia
Incomplete and Asymmetric Surplus Information in Labor Relations
Trade and development in a labor surplus economy
Where does the surplus go? Disentangling the capital-labor distributive conflict
Labor markets and labor market institutions in transition economies
Labor surplus revisited
Surplus labor and industrialization
The Micro-Economics of 'Surplus Labor
Real wages and labor-saving technical change: evidence from a panel of manufacturing industries in mature and labor-surplus economies
Economic Development with Surplus Labor: Some Complications
Is there surplus labor in rural India?
Trade and development in a labor surplus economy
Urban Labor Surplus and the Commerce Sector: Colombia
Incomplete and Asymmetric Surplus Information in Labor Relations
Trade and development in a labor surplus economy
Where does the surplus go? Disentangling the capital-labor distributive conflict