African wages, high and sticky?
Lance on Jan 23 2008 | Filed under: Blogs, Developmental economics, Economics, Lance's Page, social science
Hat tip: Tyler.
Chris Blattman has a conjecture, possibly high wages in Africa are holding back growth:
One thing that has always struck me in the African countries I have worked is that the real wages (i.e. wages adjusted for the cost of living) of African formal sector workers seem to be incredibly high, at least compared [...]
