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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Changing labour market conditions in South Africa: a sectoral analysis of the period 1970-1997
Authors:Fedderke, J.W.ISNI
Mariotti, MartineISNI
Periodical:South African Journal of Economics
Geographic term:South Africa
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2002.tb00047.x/pdf
Abstract:This paper is concerned with both exploratory and econometric data analysis of South Africa's labour market for the period 1970-1997. It presents developments in employment trends, in real labour remuneration, and in labour productivity, and examines potential links between these dimensions of the labour market. The core implications that emerge from the analysis are straightforward. Adherence to sound economic principles in price setting is crucial to long-run sustainable employment creation. The real wage matters in determining changing employment patterns. More precisely, the interplay between real labour productivity and the real wage is important in determining employment patterns. The paper concludes its analysis by presenting results from the estimation of a labour demand function for the South African manufacturing sectors, employing dynamic heterogeneous panel estimation methods. Results confirm the findings of the descriptive analysis. Bibliogr., notes, ref. [ASC Leiden abstract]