the 1980s of the Thai unemployment rate.
In Figure 5, U stands for the slack (dry) season, whereas U' for the busy (wet) season, and U Avg for the weighted average of the two.
(6) Hayami and Kikuchi (1981, Parts I and II) offers fascinating evidence of the Phillipine rice-growing village, where the sum of non-pecuniary rewards and monetary figures brought the total agricultural compensation equal to the marginal value productivity of labour.
One is reminded here of an independent finding that wage earnings in the mid nineteenth century sale farm in western Japan were exactly equal to the marginal value productivity of labour (Nishikawa 1978).
References
Abramovitz, Moses. 1961. "The Nature and Significance of Kuznets Cycles." Economic Development and Cultural Change, vol. 9 (April 1961), pp. 225-48.
Ashton, T.S. 1949. "The Standard of Life of the Workers in England, 1790-1830," Journal of Economic History, Supplement IX (reprinted in Taylor 1975, ch. 3).
Feinstein, Charles H. 1972. National Income, Expenditure and Output of the United Kingdom, 1855-1965. Cambridge: Cambridge University Press.
Friedman, Milton. 1957. A Theory of the Consumption Function. Chicago: Princeton University Press.
Guan, Quan. 1997. "An Estimate of Production Value in Chinese Manufacturing Industry in 191Os: An Evaluation and Revision of 'Statistical Tables on Chinese Agriculture and Commerce'" (in Japanese). Discussion paper, COE Project, forthcoming.
Hayami, Yujiro and Masao Kikuchi. 1981. Asian Village Economy at the Crossroads, An Economic Approach to Institutional Change. Tokyo: University of Tokyo Press.
International Labour Office. 1968. International Standard Classification of Occupations. Geneva: ILO.
Kendrick, John W. 1961. Productivity Trends in the United States. A N.B.E.R. Study. Princeton: Princeton University Press.
