Under imperfect substitution between men and women and no discrimination, a higher relative supply of labor by women should reduce female wages as compared to male wages. By contrast, under gender discrimination and perfect substitution, an increase in the relative labor supply of women should...

Under rent ceilings and quality doors for low income housing units, imperfect information on the ability of tenants to pay their rent may lead the decentralized production of housing units by risk averse private entrepreneurs to be inefficient. A coordinating agency and/or subsidies for new...

We develop two public choice models in which environmental regulation is determined endogenously in the presence of agents who are heterogenous in wealth or income. In the first model, regulation is determined by a majority vote, and an increase in inequality induces an increase in environmental...

Raising the minimum wage may reduce inequality by increasing the wages of low-skill workers, but it may also increase inequality due to negative impacts on employment that produce wage losses. Using estimates of the elasticities of wages and employment to changes in the minimum wage in Colombia...

Commodity producers in Africa often bene?t from guaranteed and relatively stable prices for their crops. This paper shows how to estimate the required increase in crop price necessary to o¤set the higher risk for farmers that price liberalization would entail due to large variations over time...

Using 19 years of cross-section wage data, we look at two factors that may explain the lower wages earned by women as compared to men in Colombia. First, we observe a long-term trend towards an increase in the gender wage gap which may be related to new labor regulations giving more protection...

A method is proposed to provide robust poverty comparisons and robust evaluations of marginal policy reforms under income variability. Given that a household’s certainty equivalent income depends on both expected income and income variability, stochastic dominance tests are developed in order...

This paper shows how to take into account risk aversion when measuring poverty under income variability. An application to British panel data suggests that income and poverty comparisons between the self-employed and other groups of households are sensitive to assumptions on the degree of risk...