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This paper reviews the theory underlying the concept of the social opportunity cost of labor (SOCL), as that concept is used in benefit-cost analysis and in applied welfare economics generally. It then presents in detail the procedures to be followed in estimating the SOCL in real-world cases...
Much of modern US agriculture is dependent upon migrant labor, chiefly from Mexico. Migrant labor has traditionally been exempted from US labor standard laws, so farm labor developed its own agenda in the early 1960s. In 1962, Cesar Chavez and Dolores Huerta formed the union that would become...
firms appear to use maquiladora production in Mexico as a margin of adjustment in response to demand shocks, with consequential high volatility of employment in these plants. Other work focuses on the interaction between sunk entry costs in foreign markets and uncertainty [see e.g. Handley and ...
Wage differentials and mobility in the urban labour market: A panel data analysis for Mexico Labour Economics (2002) S. Mohapatra et al. The rise of self-employment in rural China: development or distress? World Development (2007) H.J. Schuetze Taxes, economic conditions and recent trends in...
The equations are motivated by a simple decomposition that reveals the roles played by relative manufacturing prices and real product wages-and hence the nominal exchange rate-in the upward trend of RULC. The paper follows to estimate equations for aggregate private investment in Mexico, finding a...
Labor costs are also a cost component that is relatively sticky; wages are likely to be related to seniority, which could be a reflection of human capital accumulation [62], but this is also linked to employment protection, as severance payments increase with the time spent in a contract. ...
The instability of farmland rights is the fundamental reason for the decrease in the “stickiness” of farmland in China. The Land Certificated Program (LCP) plays an important role in clarifying the ownership of land and stabilizing the property rights of land, as well as enhancing the land pr...
Globalization and labor bargaining power did have a very large and visible impact in a few of our selected sectors, including automobile manufacturing, where declining union coverage and falling wages as production shifted to the southern United States and Mexico increased the...
The evidence shows that in developed countries, the UI program provides good protection for the majority of the workforce, but at a cost to economic efficiency. Below we argue that UI program functions reasonably well under favorable labor market conditions and suitable institutional support, but tha...