2026-07-09http://hdl.handle.net/123456789/534474This paper empirically investigates the relationship between commodity prices and wages in the rural labor markets of a developing country (i.e., Bangladesh). Given its basis on a theoretical justification for hysteresis, this empirical study provides a more complete method for investigating labor market hysteresis than previous research.EMPIRICAL ANALYSIS OF HYSTERESIS IN RURAL LABOR MARKETS IN A DEVELOPING COUNTRY: THE CASE OF BANGLADESHText