Showing 1 - 10 of 26
Commodity prices are usually very slow to recover from adverse shocks. This is one of the reasons why it has proven so difficult either to smooth their effect or to stabilize them, and why it is sometimes argued that they should behave as if shocks were permanent. There is no reason however why...
Persistent link: https://www.econbiz.de/10005656239
This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income...
Persistent link: https://www.econbiz.de/10005497941
redistributions enables the beneficiaries to educate their children and thus to escape from poverty and to overcome child labour. We … inequality among the poor is unavoidable. Finally, a successful land reform allows for the transition of a society from an … agriculture-based state of poverty to a human capital-based developed economy. …
Persistent link: https://www.econbiz.de/10005661874
Evaluations of new infrastructure in developing countries typically focus on direct effects, such as the impact of an electrifification program on household energy use. But if new infrastructure induces people to move into an area, other local publicly provided goods may become congested,...
Persistent link: https://www.econbiz.de/10011083273
Drought is Africa’s primary natural disaster and a pervasive source of income risk for poor households. This paper documents the long-run health effects of early life exposure to drought and investigates an important source of heterogeneity in these effects. Combining birth cohort variation in...
Persistent link: https://www.econbiz.de/10011083817
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...
Persistent link: https://www.econbiz.de/10009144731
liberalization on inequality are correlated with relative factor endowments. Trade liberalization is associated with increases in … inequality in countries well-endowed in highly skilled workers and capital or with workers that have very low education levels …, and in countries relatively well-endowed in mining and fuels while it is associated with decreases in inequality in …
Persistent link: https://www.econbiz.de/10005114466
In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...
Persistent link: https://www.econbiz.de/10005123667
The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10005124189
We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...
Persistent link: https://www.econbiz.de/10005792485