Showing 1 - 10 of 1,692
Consistent with two models of imperfect competition in the labor market, the efficient bargaining model and the monopsony model, we provide two extensions of a microeconomic version of Hall's framework for estimating price-cost margins. We show that both product and labor market imperfections...
Persistent link: https://www.econbiz.de/10013138258
productivity. In particular, we find that doubling agricultural credits generates around 4-5 percent increase in agricultural … productivity. We use two different agricultural production measures: (i) the agricultural component of GDP and (ii) agricultural … labor productivity. Employing a combination of panel-data and instrumental- variable methods, we show that agricultural …
Persistent link: https://www.econbiz.de/10012842059
This paper provides evidence of the long-run effects of a permanent increase in agricultural productivity on conflict … the period between 1400 and 1900 CE. For variation in permanent improvements in agricultural productivity, we exploit the …
Persistent link: https://www.econbiz.de/10012941248
Market completeness has important implications for household behavior. I firmly reject complete markets for smallholders but am unable to do so for non-smallholders. This leads to important differences in production behavior: smallholders reallocate labor across activities less in response to...
Persistent link: https://www.econbiz.de/10012823301
Climate change is predicted to affect global rainfall patterns, but there is mixed evidence with regard to the effect of rainfall on civil conflict. Even among researchers who argue that rainfall reduces civil conflict, there is disagreement as to the underlying mechanism. Using data from the...
Persistent link: https://www.econbiz.de/10013023795
droughts, and are consequently unable to cope fully with the adverse agricultural productivity shock. Our findings can be …
Persistent link: https://www.econbiz.de/10013217913
induced by changes in wind across years, I show that higher levels of pollution lead to decreased agricultural productivity …, with large changes in productivity being common. The negative effects of pollution are larger in areas growing more labor …-intensive crops, indicating that the pollution works at least partly through direct effects on labor productivity. Finally, combining …
Persistent link: https://www.econbiz.de/10014346212
We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...
Persistent link: https://www.econbiz.de/10013071425
Student attendance is both a critical input and intermediate output of the education production function. However, the malleable classroom-level determinants of student attendance are poorly understood. We estimate the causal effect of class size and observable teacher qualifications on student...
Persistent link: https://www.econbiz.de/10012907837
The accumulation principle suggests that complementarity between capital and labor forces the labor income share to rise in the presence of capital accumulation. The CES model estimates using data from 20 Japanese industries between 1970 and 2012 explain the same outcome but with substitutable...
Persistent link: https://www.econbiz.de/10012867988