Abstract
A simple model of monopsony is developed to explain the prolonged shortage of teachers, and an expression for the shortage is derived in terms of the wage rate elasticities of demand and supply. A demand function for teachers by the local education authorities is estimated which indicates that the wage rate elasticity of demand is about–0.18 and that real disposable income per capitaand central government grants have also had a significant influence on their demand for teachers. A dynamic shortages model which has been used in other studies to explain the shortage of teachers is also examined.
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