Evidence on adverse selection in slave markets remains inconclusive. We study this question through notarial acts on public slave auctions in Mauritius between 1825 and 1835, involving 4,286 slaves. In addition to slave characteristics, the acts document the identities of buyers and sellers. We...

This paper studies the impact of family structures and elders' participation status on sectoral labor allocation in developing agricultural economies. In an overlapping generations framework with adult and old agents, we model a landlord's decision to hire adult apprentices and elder unskilled...

This paper studies the impact of families on sectoral labor allocation in developing agricultural economies. In an overlapping generations framework, we equate a family to a contingent-claims contract. Families are endogenous by design. A risk-averse adult facing possible unemployment may be...