Wages & output across occupational groups in Singapore
35 p.
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2014
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| Online Access: | http://hdl.handle.net/10356/57762 |
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sg-ntu-dr.10356-577622023-05-19T06:16:14Z Wages & output across occupational groups in Singapore Lee Gek Lan Wu Ying Nanyang Business School DRNTU::Business 35 p. This paper has three parts. It first examines the trends of the real wage rates of selected occupations in the major sectors of Singapore. The second part studies the panel data on wage-output relationship across occupational groups in Singapore. Finally, we compare the cross elasticities of wages and productivity growth among the occupational groups. Findings are as follows. The real wage rates of managers and professionals are rather fluctuating and their trends are almost similar, whereas the real wage rates of the other occupational groups are almost constant, except for a few minor variations throughout the 10 year period. Unlike other groups, managers' (the group mainly representing entrepreneurial human capital) wages are negatively related to the output level, which indirectly suggests that manager's effective labour supply is backward-bending. In addition, the wages of managers increase with those of professionals and are significantly unit-elastic. We also further test an optimality condition in a theoretical growth model, concluding that, for all sectors considered, the productivity of entrepreneurial human capital uniformly grows faster than the counterpart of professional human capital. BUSINESS 2014-04-07T10:59:17Z 2014-04-07T10:59:17Z 1997 1997 Final Year Project (FYP) http://hdl.handle.net/10356/57762 Nanyang Technological University application/pdf |
| institution |
Nanyang Technological University |
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NTU Library |
| continent |
Asia |
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Singapore Singapore |
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NTU Library |
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DR-NTU |
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DRNTU::Business |
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DRNTU::Business Lee Gek Lan Wages & output across occupational groups in Singapore |
| description |
35 p. |
| author2 |
Wu Ying |
| author_facet |
Wu Ying Lee Gek Lan |
| format |
Final Year Project |
| author |
Lee Gek Lan |
| author_sort |
Lee Gek Lan |
| title |
Wages & output across occupational groups in Singapore |
| title_short |
Wages & output across occupational groups in Singapore |
| title_full |
Wages & output across occupational groups in Singapore |
| title_fullStr |
Wages & output across occupational groups in Singapore |
| title_full_unstemmed |
Wages & output across occupational groups in Singapore |
| title_sort |
wages & output across occupational groups in singapore |
| publishDate |
2014 |
| url |
http://hdl.handle.net/10356/57762 |
| _version_ |
1770566156887785472 |