Competition and segmentation : an analysis of wage determination and labour adjustments in manufacturing industry
- Authors: McCartan, Patrick John
- Date: 1986
- Subjects: Labour supply , Labour market , Competition , South Africa
- Language: English
- Type: text , Thesis , Masters , MA
- Identifier: vital:927 , http://hdl.handle.net/10962/d1001453
- Description: The thesis itself proceeds according to the following outline. Chapter One is concerned with the neoclassical theory of the labour market. Three particular models are surveyed all of which attempt to explain wage differentials and labour adjustments within a competitive equilibrium framework. The basic model of the labour market which rests upon the marginal productivity theory of labour demand, the utility-maximising approach to labour supply and the competitive theory of market equilibrium is dealt with first.This is followed by an outline of human capital theory which emphasises the crucial role played by education and training in determining individual earnings . Finally, attention is focused on disequilibrium wage models of adjustment which account for wage dispersion in terms of the amount and quality of information available to transactors in the labour market.(Introduction, p. 3-4)
- Full Text:
- Authors: McCartan, Patrick John
- Date: 1986
- Subjects: Labour supply , Labour market , Competition , South Africa
- Language: English
- Type: text , Thesis , Masters , MA
- Identifier: vital:927 , http://hdl.handle.net/10962/d1001453
- Description: The thesis itself proceeds according to the following outline. Chapter One is concerned with the neoclassical theory of the labour market. Three particular models are surveyed all of which attempt to explain wage differentials and labour adjustments within a competitive equilibrium framework. The basic model of the labour market which rests upon the marginal productivity theory of labour demand, the utility-maximising approach to labour supply and the competitive theory of market equilibrium is dealt with first.This is followed by an outline of human capital theory which emphasises the crucial role played by education and training in determining individual earnings . Finally, attention is focused on disequilibrium wage models of adjustment which account for wage dispersion in terms of the amount and quality of information available to transactors in the labour market.(Introduction, p. 3-4)
- Full Text:
Some theoretical considerations in applying cost-benefit analysis to Black education in South Africa
- Authors: Hosking, Stephen Gerald
- Date: 1983
- Subjects: Cost effectiveness , Black people -- Education -- South Africa -- Economic aspects , Education -- Economic aspects -- South Africa , Education -- Finance -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1047 , http://hdl.handle.net/10962/d1006150 , Cost effectiveness , Black people -- Education -- South Africa -- Economic aspects , Education -- Economic aspects -- South Africa , Education -- Finance -- South Africa
- Description: From introduction: In this thesis some of the economic theory underlying the application of cost-benefit analysis to education is considered with the view to discussing its relevance to the field of educational provision for Black people in South Africa. The fact that educational facilities available to Blacks are so vastly inferior to those of the Whites has given rise to virtual consensus that more has to be provided for the Black population. The economic implications of education are frequently cited to support this viewpoint. Using (a ) the theoretical bases established in chapters 1 and 2, (b) the review of the rate of return to education studies in chapter 3 and (c) the broader socio-economic considerations introduced in chapter 4, it is concluded that this viewpoint is not necessarily well founded in South Africa and that the potential for greater use of the techniques described, is far from exhausted.
- Full Text:
Some theoretical considerations in applying cost-benefit analysis to Black education in South Africa
- Authors: Hosking, Stephen Gerald
- Date: 1983
- Subjects: Cost effectiveness , Black people -- Education -- South Africa -- Economic aspects , Education -- Economic aspects -- South Africa , Education -- Finance -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1047 , http://hdl.handle.net/10962/d1006150 , Cost effectiveness , Black people -- Education -- South Africa -- Economic aspects , Education -- Economic aspects -- South Africa , Education -- Finance -- South Africa
- Description: From introduction: In this thesis some of the economic theory underlying the application of cost-benefit analysis to education is considered with the view to discussing its relevance to the field of educational provision for Black people in South Africa. The fact that educational facilities available to Blacks are so vastly inferior to those of the Whites has given rise to virtual consensus that more has to be provided for the Black population. The economic implications of education are frequently cited to support this viewpoint. Using (a ) the theoretical bases established in chapters 1 and 2, (b) the review of the rate of return to education studies in chapter 3 and (c) the broader socio-economic considerations introduced in chapter 4, it is concluded that this viewpoint is not necessarily well founded in South Africa and that the potential for greater use of the techniques described, is far from exhausted.
- Full Text:
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