Wage Differentials, Rate of Return to Education, and Occupational Wage Share in the Labour Market of Pakistan

This paper examines the magnitude of public/private wage differentials in Pakistan using data drawn from the 2001-02 Labour Force Survey. Pakistan Labour Force Survey is a nationwide survey containing micro data from all over the country containing demographic and employment information. As in many other countries, public sector workers in Pakistan tend to have higher average pay and educational levels as compared to their private sector counterparts. First, this paper presents the inter-sectoral earning equations for the three main sectors of the economy, i.e., public, private, and state-owned enterprises. These results are further decomposed into treatment and endowment effect. To examine the role of human capital in wage gap, the rate of return to different levels of schooling is calculated. These rates of return to education may be important for policy formulation. The relative earning share is also worked out to look into the distribution of wages across the occupational categories. The earning equations are estimated with and without correction for selectivity, which is also the main objective of the study, i.e., to find out if any non-random selection is taking place within these three sectors of employment.Wage Differentials, Rate of Return to Education, Public Sector Labour Markets

Preference for Public Sector Jobs and Wait Unemployment: A Micro Data Analysis

This paper exploits responses on the stated preferences for public sector jobs among a sample of unemployed in Pakistan to inform on the existence of public sector job queues. The empirical approach allowed job preference to influence unemployment duration. The potential wage advantage an unemployed individual would enjoy in a public sector job was found to exert no independent influence on the stated preference indicating that fringe benefits and work conditions are perhaps more important considerations. The stated preference for a public sector job was found to be associated with higher uncompleted durations. The estimated effect suggests that, on average and controlling for education and other characteristics, those unemployed who stated a preference for public sector jobs had higher uncompleted durations of between four and six months. This finding was taken to confirm that there are long queues for public sector jobs in Pakistan.Wage Differentials, Wage Structure, Unemployment: Models, Duration, Incidence, and Job Search

Wage Differentials, Rate of Return toEducation, and Occupational WageShare in the Labour Market of Pakistan

This paper examines the magnitude of public/private wage differentials in Pakistan using data drawn from the 2001-02 Labour Force Survey. Pakistan Labour Force Survey is a nationwide survey containing micro data from all over the country containing demographic and employment information. As in many other countries, public sector workers in Pakistan tend to have higher average pay and educational levels as compared to their private sector counterparts. First, this paper presents the inter-sectoral earning equations for the three main sectors of the economy, i.e., public, private, and state-owned enterprises. These results are further decomposed into “treatment” and “endowment effect”. To examine the role of human capital in wage gap, the rate of return to different levels of schooling is calculated. These rates of return to education may be important for policy formulation. The relative earning share is also worked out to look into the distribution of wages across the occupational categories. The earning equations are estimated with and without correction for selectivity, which is also the main objective of the study, i.e., to find out if any non-random selection is taking place within these three sectors of employment.Wage Differentials; Rate of Return to Education; Public Sector; Labour Markets

Crowding-out Hypothesis in a Vector Error Correction Framework: A Case Study of Pakistan

Under the umbrella of the IMF stabilisation programmes, Pakistan has pursued a policy of fiscal consolidation since 1988. A look at the budget deficit from 1988 onwards reveals that the policy has only been marginally successful. Even this fragile accomplishment of the Fund-based programme has been achieved at a much greater cost: the reduction in budget deficit has only been materialised because of the curtailment of development expenditure component of total fiscal outlays [Social Policy and Development Centre (2001)]. Economic theory suggests that development expenditure component of fiscal outlays, which also equals net investment by the public sector,1 has a significant relationship with both the rate of private investment and economic growth. If public investment increases, fewer funds will be available for private investment. Competition will thereby drive the interest rates up leading to lower level of private investment. Neo-classicals believe that this process will only result in a redistribution of gross national between the public and the private sector and the rate of economic growth will remain intact. On the other hand, Keynesians argue that the multiplier effect of higher public spending will be larger as compared to the induced negative effect of reduced private investment on the rate of economic activity and, therefore, gross national product will increase.

Conformal metrics on R2mR^{2m} with constant Q-curvature, prescribed volume and asymptotic behavior

We study the solutions $u\in C^\infty(R^{2m})$ of the problem $(-\Delta)^m u= Qe^{2mu}$, where $Q=\pm (2m-1)!$, and $V :=\int_{R^{2m}}e^{2mu}dx <\infty$, particularly when $m>1$. This corresponds to finding conformal metrics $g_u:=e^{2u}|dx|^2$ on $R^{2m}$ with constant Q-curvature $Q$ and finite volume $V$. Extending previous works of Chang-Chen, and Wei-Ye, we show that both the value $V$ and the asymptotic behavior of $u(x)$ as $|x|\to \infty$ can be simultaneously prescribed, under certain restrictions. When $Q=(2m-1)!$ we need to assume $V<vol(S^{2m})$, but surprisingly for $Q=-(2m-1)!$ the volume $V$ can be chosen arbitrarily.Comment: 19 page

Citing/Referencing

As rightly pointed out earlier, research ethics advises authors to avoid plagiarism. Citing the used references in scientific works is the best way of preventing plagiarism. There are some guidelines on the internet that helps authors to observe ethical writing tips. We cite others' works in many different ways. Firstly, we should know that what is the difference between a reference and citation and why we cite