Showing 1 - 10 of 539
We propose a theory-based adjustment to the labor income share to correct for the self-employment bias. Through a two-sector neoclassical framework with agriculture and non-agriculture, we derive the productivity-adjusted aggregate labor income share in terms of the agricultural productivity...
Persistent link: https://www.econbiz.de/10012242624
Tanah bengkok (bengkok land) in Java, Indonesia boasts a unique institution where elected village leaders receive … land distribution in Java, unavailability of systematic data has so far constrained in-depth empirical research on bengkok … land. In 2018, we conducted a survey covering 130 villages and more than 1,800 households in Java. We found substantial …
Persistent link: https://www.econbiz.de/10012266635
Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially in the high-tech industries), and this...
Persistent link: https://www.econbiz.de/10011476418
Persistent link: https://www.econbiz.de/10002157921
models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial … markets with bank-based financial markets as in Germany and Japan being possibly inferior to stock-market based financial …
Persistent link: https://www.econbiz.de/10002540743
optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find …
Persistent link: https://www.econbiz.de/10011401108
In this document, we consider the effects of a land reform on economic and demographic growth by a family-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to escaping the Malthusian trap with high fertility and low...
Persistent link: https://www.econbiz.de/10010337427
of a village institution prevalent in Java since the Dutch colonial rule, where democratically elected village heads … 2018 across 130 villages in Java, Indonesia, we find that the chances of a bengkok plot being rented out increase by 6 …
Persistent link: https://www.econbiz.de/10012501502
This paper explores the willingness of entrepreneurs to pay for wealth insurance to protect personal assets in case of business failure and the impact of this strategy on small business operation decisions. I show that antidiscrimination laws allow married firm owners in half of U.S. states to...
Persistent link: https://www.econbiz.de/10012203405
This study investigates the impact of the land rental market (LRM) on labor productivity in rural China. Particular attention is given to farm and non-farm labor productivity. Using 2012 household-level data and a multinomial endogenous switching treatment regression (MESTR) technique, we find...
Persistent link: https://www.econbiz.de/10014423480