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The measurement of the social opportunity cost of labor in a labor surplus economy.

By: Meyers, William H.
Material type: materialTypeLabelBookPublisher: Minesota : University of Minesota, 1974Subject(s): Labour | Government project -- Cost-benefit analysis -- Inputs. -- Government project -- Cost-benefit analysis -- Inputs. -- Government project -- Cost-benefit analysis -- InputsSummary: The question discussed here is how to approach the estimation of social opportunity cost of labor when faced with such a variance in observed market wages, the possible inequality between wage and marginal product, and open unemployment.
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The question discussed here is how to approach the estimation of social opportunity cost of labor when faced with such a variance in observed market wages, the possible inequality between wage and marginal product, and open unemployment.

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