The Omega Society

Adolfo Figueroa

Chapter Chapter 5 in Growth, Employment, Inequality, and the Environment, 2015, pp 105-126 from Palgrave Macmillan

Abstract: Abstract In Third World countries, workers who are out of wage employment are mostly engaged in self-employment. They produce goods and services in small units of production that are located in rural areas (in small farms), and in urban areas (in small shops, some of them on the streets). The income they make in these small units is, in general, lower than the average wage rate being paid in the labor market for similar skills, that is, self-employment implies underemployment. This is Fact 2 listed in chapter 2.

Keywords: Labor Market; Wage Rate; Real Wage; Money Supply; Cash Balance (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-50267-4_5

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DOI: 10.1057/9781137502674_5

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