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This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition … capital variables there is a striking effect of the family background" of the youths. The following section addresses the …
Persistent link: https://www.econbiz.de/10012472598
We assess the extent and cost of misallocation in agriculture in less-developed countries comparing the analysis at the plot and farm levels. Using detailed data from Uganda, we show that the plot-level analysis leads to extremely large estimates of reallocation gains, even after adjusting for...
Persistent link: https://www.econbiz.de/10012938718
Economic activity in developing countries is labor-intensive, low-scale, and family run, with substantial family … make labor supply decisions in the family enterprise and outside of it. The consumption-equivalent welfare from the … value of family labor, 20% below their outside option in non-agriculture …
Persistent link: https://www.econbiz.de/10012599351
The farm household model, in which decisions about production and consumption are made simultaneously, lies at the heart of many models of development. Empirically modelling these simultaneous choices is not straightforward. The vast majority of empirical studies assume that farm households...
Persistent link: https://www.econbiz.de/10012479160
characterized by small farms and family labor. Land was a commercial asset and traded routinely. The Pampas was characterized by …
Persistent link: https://www.econbiz.de/10012481298
We link census records for millions of farm children to identify owner-operators of the family farm in adulthood … to 1940, our analysis supports the primogeniture hypothesis that oldest sons are more likely to inherit the family farm … urban area are more likely to later inherit their family's farm. Tenancy and rural residence are much more predictive of …
Persistent link: https://www.econbiz.de/10014337837
Social welfare spending on health, welfare, and insurance against adverse outcomes expanded a great deal in all of the developed countries during the 20th century. The institutional structure of the spending varies with respect to the extent that governments or market institutions provide the...
Persistent link: https://www.econbiz.de/10013210094
Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...
Persistent link: https://www.econbiz.de/10012480145
Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those entrusted with their governance, just as economies need...
Persistent link: https://www.econbiz.de/10012462167
We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries. We find that there...
Persistent link: https://www.econbiz.de/10012464054