We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...

The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying the international empirical literature from this fresh perspective and by simulating risky earnings profiles in alternative options, choosing parameters on basis of the very...

Appropriate choice of cropping systems to local agro-ecology increases profitability and employment. The increased labour shortage and reduced profitability are growing concerns to the farmers. Keeping this, the paper written with the following objectives: i) To assess the profitability among...

We propose a dynamic general equilibrium model to address the effects of technological progress on immigrant skill composition. Our results from this positive model suggest that neutral and skill-biased technological change imply essentially different immigration policies. On the one hand,...

This paper structurally models and estimates the employment effects of minimum wages in inflexible labor markets with fixed employment costs. When there are fixed costs associated with employment, minimum wage regulation not only results in a reduction in employment among low productivity...

We analyze the impact of the Strengthening Women Entrepreneurship in Peru (SWEP) program. SWEP trained female micro-entrepreneurs on business management practices (e.g. accounting, marketing, etc.). The training was provided in 4-5 hour sessions using soap operas and practical exercises...

The paper presents a brief theoretical and historical explanation of the transformative process of the Japanese economy from a stagnant agrarian society to a modern industrial one. Specifically, it analyzes the role of agriculture in the early stage of Japan's development in the last three...

Using the Household, Income and Labour Dynamics in Australia (HILDA) survey, this study shows that the largest proportion of low pay spells originated from higher pay; only a small proportion were from non-employment or recent graduates. While the majority of low pay spells transitioned to...

We perform decompositions and regression analyses that test for the routinization hypothesis and job polarization at the firm level, instead of the aggregate or industry level as in previous studies. Furthermore, we examine the technology-based explanations for routinization and job polarization...

This paper provides evidence on the effects of agricultural productivity on wage, labor supply to market oriented activities and labor allocation between own farming and wage labor in agriculture. To guide the empirical work, it develops a general equilibrium model that underscores the role of...