This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage—while leading to unemployment—is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...

This paper addresses the well-known paradoxes of high rates of protection, underinvestment in agricultural research, and relatively high productivity that characterize developed country agriculture, while developing country agriculture is typically characterized by taxation of the sector,...

Expanding exports has been one of the principal goals of structural adjustment programs aimed at restoring external balance of payments equilibria in many developing countries. This paper analyzes agricultural export response for selected crops in 8 Latin American countries over the period 1961-...

We consider nonparametric identification and estimation in a nonseparable model where a continuous regressor of interest is a known, deterministic, but kinked function of an observed assignment variable. This design arises in many institutional settings where a policy variable (such as weekly...

This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market and obtains two key results. First, we show that a binding minimum wage { while leading to unemployment { is nevertheless desirable if the government values redistribution toward low...