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A simple model of inequality, occupational choice, and development

Ghatak, Maitreesh; Jiang, Neville Nien-Huei - London School of Economics and Political Science - 2001

We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...

Persistent link: https://www.econbiz.de/10008911474

Poverty and Inequality and Social Policy in China

Li, Bingqin; Piachaud, David - London School of Economics and Political Science - 2004

socialpolicies are described and the effects on poverty and inequality are examined.The limitations of a social policy that is …Despite prolonged economic growth, poverty has become a more notable andnoted feature of Chinese society. The paper … approach is analysed and its potential to reduce poverty andinequality are considered.[...] …

Persistent link: https://www.econbiz.de/10009354041

Trade and the Skill Premium Puzzle with Capital Market Imperfections

Bonfatti, Roberto; Ghatak, Maitreesh - University <Oxford> / Department of Economics; London … - 2010

An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...

Persistent link: https://www.econbiz.de/10008860714

Repayment Frequency in Micro nance Contracts with Present-Biased Borrowers

Fischer, Greg; Ghatak, Maitreesh - London School of Economics and Political Science - 2010

This paper analyzes the theoretical underpinnings of high-frequency repayment, a featurein nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that frequent repayment is critical in achieving high repaymentrates is puzzling....

Persistent link: https://www.econbiz.de/10008860716

Entrepreneurial talent, occupational choice, and trickle up policies

Ghatak, Maitreesh; Morelli, Massimo; Sjöström, Tomas - London School of Economics and Political Science; Ohio …; … - 2006

We study market inefficiencies and policy remedies when agents choose their occupations, and entrepreneurialtalent is subject to private information. Untalented entrepreneurs depress the returns to entrepreneurshipbecause of adverse selection. The severity of this problem depends on the outside...

Persistent link: https://www.econbiz.de/10008860726

CREDIT AND GROWTH UNDER LIMITED COMMITMENT

AZARIADIS, COSTAS; Kaas, Leo - London School of Economics and Political Science - 2008

We consider a linear growth model with idiosyncratic productivity shocks in whichproducers cannot commit to repay their loans. Borrowing constraints are determinedendogenously by the borrowers’ incentives to repay, assuming that defaulters lose a shareof output and are excluded from future...

Persistent link: https://www.econbiz.de/10009138462

Estimating the Peace Dividend: The impact of violence on house prices in Northern Ireland

Besley, Timothy; Müller, Hannes - London School of Economics and Political Science - 2009

This paper exploits data on the pattern of violence across regionsand over time to estimate the impact of the peace process in NorthernIreland on house prices. We begin with a linear model that estimatesthe average treatment effect of a conflict-related killing on house prices-showing a negative...

Persistent link: https://www.econbiz.de/10009138507

Intentions to participate in adolescent Training Programs: Evidence from Uganda

Bandiera, Oriana; Gulesci, Selim; Burgess, Robin; … - London School of Economics and Political Science - 2009

Almost one third of the population in developing countries is under age 15. Hence improvingthe effectiveness of policy interventions that target adolescents might be especiallyimportant. We analyze the intention to participate in training programs of adolescent girlsin Uganda, a country with...

Persistent link: https://www.econbiz.de/10009248836

Social Indicators and the Study of Inequality

Meyers, Marcia K.; Garfinkel, Irwin - Federal Reserve Bank <New York, NY>; London School of … - 1999

reform and devolution for inequality and well-beingin the largest and most diverse city in the United States.The project uses … these data by population andover time, we hope to address questions that are at the coreof current debates about inequality … in the United States:How great is inequality? Does income inequality exaggerate,or reflect, inequality in material and …

Persistent link: https://www.econbiz.de/10005870055

Goodness-of-Fit: An Economic Approach

Cowell, Frank A.; Flachaire, Emmanuel; Bandyopadhyay, … - London School of Economics and Political Science; Pôle …; … - 2009

Specific functional forms are often used in economic models of distributions;goodness-of-fit measures are used to assess whether a functional form is appropriatein the light of real-world data. Standard approaches use a distance criterion based onthe EDF, an aggregation of differences in...

Persistent link: https://www.econbiz.de/10005871007