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An Alternative Approach to the Theory of Employment: Self-Employment versus Wage Employment

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  • Dragan Filipovich

    (División de Economía, CIDE. México, D.F. Mexico.)

Abstract

This paper presents a simple model illustrating an alternative approach to modelling employment in which instead of distinguishing between households and firms as is conventional, I work with market-oriented household-producers (in contrast to the subsistence-oriented entities in the household-production literature), and in which the sole reason for trade is specialization due to (external) increasing returns. The model establishes a link between self-employment and the scale of production, and in the process suggests a theory of the “emergence” of labor markets in which wage employment (as opposed to self-employment) emerges as a rather precarious arrangement that needs to be supported by various institutional devices.

Suggested Citation

  • Dragan Filipovich, 1997. "An Alternative Approach to the Theory of Employment: Self-Employment versus Wage Employment," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 177-195, July-Dece.
  • Handle: RePEc:emc:ecomex:v:6:y:1997:i:2:p:177-195
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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/VI-2/01_FILIPOVICH_(177-195).pdf
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    References listed on IDEAS

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    1. Lawrence H. Summers, 1991. "Panel discussion: price stability ; How should long-term monetary policy be determined?," Proceedings, Federal Reserve Bank of Cleveland, pages 625-631.
    2. William Poole, 1970. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Staff Studies 57, Board of Governors of the Federal Reserve System (U.S.).
    3. Bertola, Giuseppe & Caballero, Ricardo J, 1992. "Target Zones and Realignments," American Economic Review, American Economic Association, pages 520-536.
    4. Ben Bernanke & Frederic Mishkin, 1992. "Central Bank Behavior and the Strategy of Monetary Policy: Observations from Six Industrialized Countries," NBER Chapters,in: NBER Macroeconomics Annual 1992, Volume 7, pages 183-238 National Bureau of Economic Research, Inc.
    5. William Poole, 1970. "Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model," The Quarterly Journal of Economics, Oxford University Press, vol. 84(2), pages 197-216.
    6. Michele Lloyd, 1992. "The New Zealand approach to central bank autonomy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 55, Septemebe.
    7. William Poole, 1969. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Special Studies Papers 2, Board of Governors of the Federal Reserve System (U.S.).
    8. Summers, Lawrence, 1991. "How Should Long-Term Monetary Policy Be Determined? Panel Discussion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(3), pages 625-631, August.
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