000 01628nam a22001577a 4500
999 _c521769
_d521769
008 230227b ||||| |||| 00| 0 eng d
100 _aAsravor, Richard Kofi and Sackey, Frank Gyimah
_937531
245 _aWage price floors and sectoral employment outcomes in Ghana
260 _aThe Indian Journal of Labour Economics
300 _a65(1), Jan-Mar, 2022: p.103-122
520 _aThis paper investigates the effect of daily minimum wage regulation and other covariates variables on sectoral employment generation in Ghana. The Cobb–Douglas and constant elasticity of substitution production functions were employed as the theoretical foundation for this study. Secondary Data sourced from World Development Indicators (2018) from 1991 to 2018 was used while the autoregressive distributed lag was used as the estimation. The finding confirms the insider outsider and the Phillips curve argument and also shows that sectoral employment in Ghana is supported by economic growth and foreign direct investment. Daily minimum wage negatively affects the sectoral employment, with the agricultural employment being the worst affected. Interest rate decreases total employment, whereas population growth decreases employment in the agricultural sector. The study recommends that the agricultural sector should be given a lower interest rate for loans acquired as this will help expand agricultural business and capacity. – Reproduced
650 _aSectoral employment, Labour demand, Minimum wage, Economic growth: Ghana
_935972
773 _aThe Indian Journal of Labour Economics
906 _aEMPLOYMENT
942 _cAR