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Real wages and the demand for labour in Ghana`s manufacturing sector

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  • Francis Teal
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    Abstract

    ABSTRACT: Real wages in Ghana have fallen substantially over the last twenty years. The question posed by this paper is whether this evidence for wage flexibility implies a competitive market clearing labour market. It is argued that it does not. There is sufficient flexibility in the production structure to ensure that a rapid growth of labour demand can be absorbed at declining average real wages while maintaining a substantial differential across workers based on firm characteristics. Indeed it is possible the differential has been increasing in the recent past. Declining real wages are not indicative of a competitive labour market, or of market clearing, in the sense that a uniform wage exists for the same quality of labour. Falling real wages are indicative of a labour market in which social security provisions are absent and investment is insufficient to raise labour demand faster than supply. A decline in wages is associated with a fall in productivity. It is possible that output is rising.

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    Bibliographic Info

    Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number WPS/1995-07.

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    Date of creation: 01 Mar 1995
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    Handle: RePEc:oxf:wpaper:wps/1995-07

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    1. Mazumdar, Dipak, 1976. "The Rural-Urban Wage Gap, Migration, and the Shadow Wage," Oxford Economic Papers, Oxford University Press, vol. 28(3), pages 406-25, November.
    2. Benjamin, Dwayne, 1992. "Household Composition, Labor Markets, and Labor Demand: Testing for Separation in Agricultural Household Models," Econometrica, Econometric Society, Econometric Society, vol. 60(2), pages 287-322, March.
    3. Bevan, David & Collier, Paul & Gunning, Jan Willem, 1990. "Peasants and Governments: An Economic Analysis," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198286219, October.
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