Showing 1 - 10 of 179
This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...
Persistent link: https://www.econbiz.de/10012468644
Using a unique, comprehensive household-level dataset for a single French village from 1730 to 1895, we study the process of modernization during a period of rapid institutional and demographic transformation. We document changes in fertility, mortality, human capital and intergenerational...
Persistent link: https://www.econbiz.de/10012479446
We propose a simple informational theory to explain why autocratic regimes introduce local elections. Because citizens have better information on local officials than the distant central government, delegation of authority via local elections improves selection and performance of local...
Persistent link: https://www.econbiz.de/10012453681
When people can self-insure via migration, they may have less need for informal risk sharing. At the same time, informal insurance may reduce the need to migrate. To understand the joint determination of migration and risk sharing I study a dynamic model of risk sharing with limited commitment...
Persistent link: https://www.econbiz.de/10012456516
While its recent history of civil war, chronic poverty and corrupt governance would cause many to dismiss Sierra Leone as a hopeless case, the country's economic and political performance over the last decade has defied expectations. We examine how several factors--including the legacy of war,...
Persistent link: https://www.econbiz.de/10012460292
India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive...
Persistent link: https://www.econbiz.de/10012466646
income distribution and the redistribution tastes of the government. When behavioral responses are concentrated along the …
Persistent link: https://www.econbiz.de/10012471053
for participants in the Health and Retirement Study to investigate redistribution under the current social security … high lifetime earnings to those with low lifetime earnings. However, much of this apparent redistribution is from men to … the total lifetime earnings, and spouse and survivor benefits are taken into account, the extent of redistribution from …
Persistent link: https://www.econbiz.de/10012471172
This paper examines the extent of redistribution that would occur under various annuity and bequest options as part of … account balance. However, efforts to reduce the extent of redistribution generally do so at the cost of significantly lower …
Persistent link: https://www.econbiz.de/10012471215
How much does the current social security system really redistribute from rich to poor? We use the PSID to estimate lifetime wage profiles and actual earnings each year for a sample of 1778 individuals, and we use mortality probabilities to calculate expected payroll taxes and social security...
Persistent link: https://www.econbiz.de/10012471254