Efficiency Wage and the Family: An Explanation for the Impact of the Agricultural Minimum Wage in Morocco
AbstractThis paper shows two points: (1) there is a statistically significant positive relationship between the real value of the agricultural minimum wage and the level of agricultural output in Morocco, for eight important crops; and (2) the latter may be explained using a theoretical model where the productivity of the laborers depends on their consumption level and where wage incomes are shared among family members to fund consumption. The Nash equilibrium is then inefficient. Copyright 1997 by WWZ and Helbing & Lichtenhahn Verlag AG
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 50 (1997)
Issue (Month): 3 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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- Carlos Arango & Angélica Pachón, 2004. "Minimum Wages in Colombia: Holding the Middle with a Bite," BORRADORES DE ECONOMIA 003224, BANCO DE LA REPÚBLICA.
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- Dessing, Maryke, 2004. "Implications for minimum-wage policies of an S-shaped labor-supply curve," Journal of Economic Behavior & Organization, Elsevier, vol. 53(4), pages 543-568, April.
- Jellal, Mohamed, 2012.
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