We offer a theory of gender differences in parental altruism based on the asymmetry that female fertility is constrained but male fertility is relatively unconstrained. Modelling human preferences as having been shaped during the Pleistocene, we derive evolutionarily stable, co-evolved male and...

This paper attempts to assess the relative contributions of the farm and non-farm sectors to the increase in agricultural wage earnings in India between 1983-1999. Cross-section analysis of NSS data for 1983 and 1993 confirm the importance of farm productivity growth, consistent with the...

This paper addresses the question: why does capital typically hire labor rather than the other way around? It models a situation in which a capitalist (owner of money capital) can choose between lending out his capital for production and using it to set up production under his own supervision....

This paper investigates how access to credit might impinge on risk behavior. It demonstrates that credit, by facilitating the pooling of risk across time, renders a risk-averse individual more capable of absorbing risk. Some implications of this result--mainly for developing economies--are then...

We offer a theory of gender differences in parental altruism based on the asymmetry that female fertility is constrained but male fertility is relatively unconstrained. Modelling human preferences as having been shaped during the Pleistocene, we derive evolutionarily stable, co-evolved male and...

The analysis attempts to bring out how the links between the various sectors of the economy impinge on the development process. It is shown that moving labour from agriculture into industry is a key element in improving the well-being of the poor. The analysis brings out why growth in...

The goal of this paper is twofold: (1) to model a process of development based on the notion that the engine of growth is the generation of new ideas by skilled individuals, and (2) to explore the role of agricultural productivity growth in such a process. The key ingredients of our model are:...