Disguised and Overt Unemployment in Underdeveloped Economies

Abstract

Introduction, 279. — I. The basic postulate: the wage-work unit relationship, 280. — II. Disguised unemployment when institutional rigidities exist, 284. — III. A relaxation of institutional rigidities: overt unemployment, 288. — IV. Policy implications, 289. — V. A relaxation of the assumptions, 292. — VI. Comments on the literature: Leibenstein and Mazumdar, 295. — VII. Conclusions, 297.