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Shadow Wage Rate For Urban Public Project Evaluation In Thailand

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  • Tubpun, Somnuk

Abstract

This paper will review the existing methodologies for estimating the shadow wage rate. Assumptions and some special characteristics as well as drawbacks of each methodology are discussed. From these special characteristics, a formula is derived for estimating wages for Thai economic conditions.

Suggested Citation

  • Tubpun, Somnuk, 1979. "Shadow Wage Rate For Urban Public Project Evaluation In Thailand," Staff Papers 13797, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13797
    DOI: 10.22004/ag.econ.13797
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    References listed on IDEAS

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    1. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
    2. Bradford, David F, 1975. "Constraints on Government Investment Opportunities and the Choice of Discount Rate," American Economic Review, American Economic Association, vol. 65(5), pages 887-899, December.
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