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The Social Implications of Sugar : Living Costs, Real Incomes and Inequality in Jamaica C1774
Burnard, Trevor G. - 2017
wealth Jamaica was the most unequal place in the pre-modern world. Furthermore, all of these characteristics applied to the …
Persistent link: https://www.econbiz.de/10012946034
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Institutions vs. Policies : A Tale of Two Islands
Henry, Peter Blair - 2010
for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter … 1960 to 2002, Barbados' GDP per capita grew roughly three times as fast as Jamaica's. Consequently, the income gap between … Barbados and Jamaica is now almost five times larger than at the time of independence. Since their property rights and legal …
Persistent link: https://www.econbiz.de/10012758058
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External Capital Structures and Oil Price Volatility
Burger, John D. - 2010
oil price shocks. We study two Caribbean economies highly vulnerable to oil price shocks, an oil-importer (Jamaica) and an …
Persistent link: https://www.econbiz.de/10013142546
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Labor Market Returns to Early Childhood Stimulation : A 20-Year Followup to an Experimental Intervention in Jamaica
Gertler, Paul J. - 2013
We find large effects on the earnings of participants from a randomized intervention that gave psychosocial stimulation to stunted Jamaican toddlers living in poverty. The intervention consisted of one-hour weekly visits from community Jamaican health workers over a 2-year period that taught...
Persistent link: https://www.econbiz.de/10013079255
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The Making of an Investment Banker : Macroeconomic Shocks, Career Choice, and Lifetime Income
Oyer, Paul E. - 2009
New graduates of elite MBA programs flock to Wall Street during bull markets and start their careers elsewhere when the stock market is weak. Given the transferability of MBA skills, it seems likely that any effect of stock returns on MBA placement would be short-lived. In this paper, I use a...
Persistent link: https://www.econbiz.de/10012767420
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Future Rent-Seeking and Current Public Savings
Caballero, Ricardo J. - 2008
The conventional wisdom is that politicians' rent-seeking motives increase public debt and deficits. This is because myopic politicians face political risk and prefer to extract political rents as early as possible. An implication of this argument is that governments will under-save during a...
Persistent link: https://www.econbiz.de/10012769645
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When Does Policy Reform Work? the Case of Central Bank Independence
Acemoglu, Daron; Johnson, Simon; Querubín Borrero, Pablo; … - 2008
We argue that the question of whether and when policy reform works should be investigated together with the political economy factors responsible for distortionary policies in the first place. These not only determine the initial distortions, but also often shape policy in the post-reform...
Persistent link: https://www.econbiz.de/10012771805
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Private Sunspots and Idiosyncratic Investor Sentiment
Angeletos, George-Marios - 2008
This paper shows how rational investors can have different degrees of optimism regarding the prospects of the economy, even if they share exactly the same information regarding all economic fundamentals. The key is that heterogeneity in expectations regarding endogenous outcomes can emerge as a...
Persistent link: https://www.econbiz.de/10012771831
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Coercion, Culture and Debt Contracts : The Henequen Industry in Yucatan, Mexico, 1870-1915
Alston, Lee J. - 2008
While most contemporary historians agree that the use of debt peonage as a coercive labor contract in Mexico was not widespread, scholars still concur that it was important and pervasive in Yucatan state during the henequen boom of the late 19th and early 20th centuries. The henequen boom...
Persistent link: https://www.econbiz.de/10012772383
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Political Entry, Public Policies, and the Economy
Mulligan, Casey B. - 2008
This paper presents a theory of competition for political leadership between incumbent leaders and their challengers in which the possible equilibrium political market structures range from pure monopoly (unchallenged dictatorship) to perfectly competitive (ideal democracy). Leaders are...
Persistent link: https://www.econbiz.de/10012772459