Agricultural wages and food prices in Egypt
Gaurav Datt () and
No 53, FCND discussion papers from International Food Policy Research Institute (IFPRI)
The trend in real agricultural wages in Egypt is described well by an inverted U-shaped curve with a peak around 1985. But the rise and fall of real wages masks a complex dynamic process by which nominal wages adjust in response to changes in food prices. We use governorate-level panel data for 1976–1993 to explore the nature of this adjustment process. Our results indicate that nominal wages adjust slowly. There is a significant negative initial impact of rising food prices on real wages, though wages do catch up in the long run.
Keywords: Income Egypt; agricultural economics (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:fcnddp:53
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