haku: @author Knight, J. B. / yhteensä: 7
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| Tekijä: | Gelb, A. Knight, J. B. Sabot, R. H. |
| Otsikko: | Public sector employment, rent seeking and economic growth |
| Lehti: | Economic Journal
1991 : SEP, VOL. 101:408, p. 1186-1199 |
| Asiasana: | PUBLIC SECTOR EMPLOYMENT ECONOMIC GROWTH DEVELOPING COUNTRIES UNEMPLOYMENT EQUILIBRIUM THEORY MACROECONOMIC MODELS |
| Kieli: | eng |
| Tiivistelmä: | Surplus labour in the public sector is a characteristic of many developing countries. Consistently with theories of rent seeking behaviour, public sector surplus labour is outlined in this paper as the consequence of lobbying from more high-wage and high-rent employment. After presenting an evidence of such surplus labour, a public choice theory is used to explain the phenomenon, and a model is introduced of a segmented labour market with endogenous government hiring in response to unemployment. It is followed by a simple computable general equilibrium model to show how this can give rise to dynamic social costs and to quantify them. |
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