Syed, Kanwar Abbas (2006): Wage Differential in an Islamic Framework. Published in: Thoughts on Economics, The Quarterly Journal of Islamic Economics Research Bureau , Vol. 16, No. 1 (March 2006): pp. 47-53.
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The establishment of an Islamic society can itself remove many social and economic evils. Although differences between the poor and the rich generate a 'balanced economic society', they do not affect the glory of man. The departure of the Islamic economic agents from non-Islamic economic agents is due to the motivation behind economic decisions. The utility function of an Islamic employee consists of Divine will, Master pleasure, Wages and Effort level. The degree of Aman matters in worship and economic decisions and leads to wage differential in the labour market.
|Item Type:||MPRA Paper|
|Original Title:||Wage Differential in an Islamic Framework|
|Subjects:||J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs
J - Labor and Demographic Economics > J0 - General > J01 - Labor Economics: General
|Depositing User:||Syed Kanwar Abbas|
|Date Deposited:||14. May 2009 23:34|
|Last Modified:||18. Feb 2013 14:31|
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