Shortage and labor productivity on the global seafaring market

Corinne Bagoulla () and Patrice Guillotreau
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Corinne Bagoulla: LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes

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Abstract: The key role of seafarers in shipping activities is well known. Increasing flows of cargo have to be delivered from origin to destination rapidly and safely, thus requiring high skilled workers. Maritime industry is international and so is the seafaring market. Seafarers represent a unique occupational group. They can be employed on vessels under various flags, owned and operated by people from different countries. In that sense, the seafarer labor market is much more open than any other economic sector in the world. This chapter examines the seafaring market, its composition and the main trends that have influenced the market during the last century (section 1). We pay a particular attention to the well-known seafaring shortage (section 2), which is far from being illustrated by the evolution of international wages, showing that this shortage is perhaps over-estimated and may concern only part of the market and not the whole of it. The relationship between labor costs and productivity is discussed to illustrate the role of technical change and economies of scale in the apparent productivity of labor (section 3).

Keywords: Shortage; Labor productivity; global seafaring market (search for similar items in EconPapers)
Date: 2016-07
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01469666
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Published in Patrick Chaumette. Seafarers : an international labour market in perspective, Gomylex, pp.15-27, 2016, 978-84-15176-67-1

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