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| Author: | Azam, J-P. |
| Title: | Efficiency wage and the family: An explanation for the impact of the agricultural minimum wage in Morocco |
| Journal: | Kyklos
1997 : VOL. 50:3, p. 369-382 |
| Index terms: | PAY AGRICULTURE MINIMUM WAGE OUTPUT FAMILY EXPENDITURE MOROCCO |
| Language: | eng |
| Abstract: | This paper shows two points: (i) there is a statistically significant positive relationship between the real value of the agricultural minimum wage and the level of agricultural output in Morocco, for eight important crops; (ii) the latter may be explained using a theoretical model where the productivity of the laborers depends on their consumption level, and where wage incomes are shared among family members to fund consumption. The Nash equilibrium is then inefficient. |
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