Go to AfricaBib home

Go to AfricaBib home Africana Periodical Literature Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Real Wages, Employment and Macroeconomic Policy in a Structuralist Model for South Africa
Authors:Gibson, BillISNI
Van Seventer, Dirk E.ISNI
Year:2000
Periodical:Journal of African Economies
Volume:9
Issue:4
Period:December
Pages:512-546
Language:English
Geographic term:South Africa
Subjects:wages
employment
Economics and Trade
Labor and Employment
Politics and Government
External link:https://jae.oxfordjournals.org/content/9/4/512.full.pdf
Abstract:It is now commonplace to argue that in South Africa higher wages will lower employment. This paper shows that it is difficult to extricate the relationship between wages, employment and output from macropolicy environment. Dynamic computable general equilibrium (CGE) simulations show that the employment effects of nominal wage increases depends on induced monetary and fiscal policy when there is monetary 'policy dominance'. While wage-led growth is inefficient, increasing the wages of unskilled workers can improve the distribution of income, when the induced changes are neutralized. Bibliogr., notes, sum.
Views
Cover