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We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...
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Die Arbeit untersucht die Anwendbarkeit des HarrisTodaro Modells für Land-Stadt-Migrations-Prozesse inEntwicklungsländern. Dabei geht es nicht nur um das Basismodel,sondern auch um die Modell-Erweiterungen, die internationalenHandel, einen städtischen informellen Sektor und die Aspekte...
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The paper uses the Lewis model as a framework for examining the labour market progress of two labour-abundant countries, China and South Africa, towards labour shortage and generally rising labour real incomes. In the acuteness of their rural-urban divides, forms of migrant labour, rapid...
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