紀要論文

Disguised Unemployment Revisited

eng

09111247

https://doi.org/10.15002/00001975

Journal of International Economic Studies

20

57

73

2006-03

Version of Record

This paper newly examines historical statistics on labor productivity and agricultural wages in three East Asian regions (Japan, Taiwan and Korea) during the early days of industrialization, together with a review of selected relevant studies on Southeast Asia (the Philippines and Thailand). As expected, wages are found to be equal to the marginal product of labor in five of the nine cases examined (nineteenth century Japan, pre- and post-World War II Taiwan, and the Philippines and Thailand after WWII), whereas in the remaining four they are found to be closer to the average product of labor (Japan and Korea in the pre-WWII decades, and time-series as well as cross-sectional observations on Japan immediately after WWII). The implications of the findings are discussed in the closing section.

Article

AA10459262