Work Behavior of the World's Poor
Theory, Evidence and Policy
Seiten
2003
Ashgate Publishing Limited (Verlag)
978-0-7546-3066-1 (ISBN)
Ashgate Publishing Limited (Verlag)
978-0-7546-3066-1 (ISBN)
- Titel ist leider vergriffen;
keine Neuauflage - Artikel merken
Turning conventional theories upside-down, this text establishes that the behaviour of the world's poor - working more as wages are further reduced - is rational. Faced with falling below subsistence, the poor expand their supply of labour to its limits before quitting the market to become paupers.
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 poor. This however ignores the observed fact that the poor work long hard hours but most of the time, fail to meet their minimum needs of subsistence and live impoverished lives in absolute poverty deficient of both food and physical rest. This book postulates that the observed behaviour is the result of economic distress the working poor suffer and analyses it as a rational behaviour using the conventional utility maximization framework and derives both theoretical and empirical results consistent with the observation. This book aims to correct a serious misconception persisting in the literature relating to the working-poor labour-supply behaviour that is almost universally observed.
It also goes onto develop, using the supply function, a methodology to determine the standard of subsistence income and physical rest for the worker.
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 poor. This however ignores the observed fact that the poor work long hard hours but most of the time, fail to meet their minimum needs of subsistence and live impoverished lives in absolute poverty deficient of both food and physical rest. This book postulates that the observed behaviour is the result of economic distress the working poor suffer and analyses it as a rational behaviour using the conventional utility maximization framework and derives both theoretical and empirical results consistent with the observation. This book aims to correct a serious misconception persisting in the literature relating to the working-poor labour-supply behaviour that is almost universally observed.
It also goes onto develop, using the supply function, a methodology to determine the standard of subsistence income and physical rest for the worker.
The "Perverse Behavior" hypothesis - issues for investigation; Inverted "S" - the complete neoclassical labour supply function; Poverty and the forward falling labour supply function - a microeconomic analysis; A technique for estimating a direct utility function; Landholdings, living standards and labour supply functions - evidence from a poor agrarian economy; Working poor unemployment and wage rigidity - evidence of economic distress; Forward falling labour supply - implications for wage rigidity, unemployment and plan failure (with Gilbert S. Suzawa and Carole F. Miller); A behavioural analysis of the subsistence standard of living; Main findings of the study.
| Erscheint lt. Verlag | 28.6.2003 |
|---|---|
| Zusatzinfo | index |
| Sprache | englisch |
| Maße | 201 x 160 mm |
| Themenwelt | Sozialwissenschaften ► Soziologie ► Mikrosoziologie |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| ISBN-10 | 0-7546-3066-8 / 0754630668 |
| ISBN-13 | 978-0-7546-3066-1 / 9780754630661 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
| Haben Sie eine Frage zum Produkt? |
Mehr entdecken
aus dem Bereich
aus dem Bereich
Buch | Softcover (2026)
Springer Fachmedien Wiesbaden GmbH (Verlag)
CHF 97,95
