A Decomposition of Growth of the Real Wage Rate for South Africa: 1970 - 2000
Working Paper
2002-03
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University of Cape Town
Development Policy Research Unit
University of Cape Town
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Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 02/063
Abstract
This paper examines the potential trade-off between growth in employment and growth in wages. In order to assess the trade-off between employment growth and real wage growth, we make use of a simple decomposition model, following Mazumdar (2000), in which real wage growth is determined by growth in real value added, employment growth, a trend in the wage share of value added and a relative price effect.
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Reference:
Mazumdar, D., van Seventer, D. 2002-03. A Decomposition of Growth of the Real Wage Rate for South Africa: 1970 - 2000. Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 02/063. University of Cape Town.