Browsing by Author "Walker, Richard"
Now showing 1 - 6 of 6
Results Per Page
Sort Options
- ItemRestricted'Don't owe, won't pay!': a critical analysis of the Jubilee SA position on South African government debt(Taylor & Francis, 2002) Walker, Richard; Nattrass, NicoliJubilee 2000 (SA) supports the cancellation of South African national government (and other) debt on the grounds that it is odious debt from the apartheid years. The organisation has called for foreign creditors to cancel the debt voluntarily and has threatened to call for debt repudiation if such cancellation is not forthcoming. However, unlike voluntary debt cancellation, debt repudiation would probably have serious consequences for investment and growth. Furthermore, as most government debt has accumulated after the end of apartheid, and as most is domestic and marketable, the moral argument for repudiation is problematic. Jubilee 2000 (SA) is also calling for the government pension scheme (which owns a large proportion of the domestic government debt) to be restructured. Contributions to the pension fund may be excessive (as argued by Jubilee 2000), but the case is not clear. South Africa should publish a dual set of accounts in line with how other countries report their liabilities so as not to overstate the deficit in the eyes of investors.
- ItemOpen AccessReservation wages : measurement and determinants : evidence from the Khayelitsha(2003) Walker, Richard; Nattrass, NicoliBibliography: leaves 62-67.
- ItemMetadata onlyReservation Wages-Measurement and Determinants: Evidence from the KMP Survey(CSSR and SALDRU, 2015-05-28) Walker, Richard
- ItemOpen AccessReservation wages-measurement and determinants: evidence from the KMP survey(2003) Walker, RichardThis paper investigates the difficulties in measuring reservation wages, models the determinants of reservation wages, and compares reservation wages with predicted wages. Data is drawn from the Khayelitsha/Mitchell's Plain (KMP) survey. Certain factors (e.g. education, labour market status, household income and duration of unemployment) are significant in explaining variation in reservation wages. Importantly, a person's position in the labour market is not as a result of his/her reservation wage. Rather, reservation wages are a function of his/her labour market status: while those in wage-employment report a reservation wage based more on perceived labour market value, those in unemployment report a reservation wage influenced strongly by subsistence requirements. This study concludes that voluntary unemployment does not exist in KMP, with people in general reporting reservation wages well below what they could expect to earn.
- ItemOpen AccessUnemployment and reservation wages in working-class Cape Town(2005) Nattrass, Nicoli; Walker, RichardAre the unemployed in South Africa ‘pricing themselves out of the labour market;’? This paper explores this proposition through an analysis of reservation wages in Cape Town's working class district of Khayelitsha/Mitchell's Plain. It argues that reservation wages are not out of line with predicted wages. This, in turn, suggests that unemployment in the area is not attributable to job seekers having unrealistically high reservation wages.
- ItemRestrictedUnemployment and reservation wages in working-class Cape Town(Wiley, 2005) Nattrass, Nicoli; Walker, RichardAre the unemployed in South Africa ‘pricing themselves out of the labour market;’? This paper explores this proposition through an analysis of reservation wages in Cape Town’s working class district of Khayelitsha/Mitchell’s Plain. It argues that reservation wages are not out of line with predicted wages. This, in turn, suggests that unemployment in the area is not attributable to job seekers having unrealistically high reservation wages.