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Factor Substitution And Complementarity In Greek Manufacturing, 1961-70, Kimon John Constas
Factor Substitution And Complementarity In Greek Manufacturing, 1961-70, Kimon John Constas
Graduate Dissertations and Theses
...It is the purpose of this thesis to proffer two alternative hypotheses about the behavior of the ratio of salaried employees to wage—earners and to use these to explain the changing relationships of salaried to non-salaried workers in Greek manufacturing.
The first proposition states that changes in the ratio are due to changes in relative factor prices. More precisely, if the wage rate rises faster than the salary rate, substitution of salaried labor for non-salaried will lead to differential shifts in labor demands, and, therefore, the ratio will rise.
The second hypothesis states that, because of capital influx to Greece …