We characterize optimal investment and compensation strategies in a model of an investment opportunity with managerial incentive problems, caused by asymmetric information over investment costs and the manager's desire to consume slack, and flexibility over the timing of its acceptance. The...

Forecasts of the number of future professionals required for an ongoing safe, efficient US food system are highly important. The demand for adequately prepared higher education graduates must be met by the US Food, Agriculture, and Natural Resources Education System. Without accurate forecasts...

Rural communities in the Upper Midwest continue to experience economic restructuring, caused not only by area agricultural changes, but also by mining and local manufacturing shutdowns. Focusing on two states, Minnesota and North Dakota, this study details the repercussions, and response, of...

Resumen: En este artículo se analiza el proceso de externalización de las labores agrarias y el consiguiente desarrollo de una agricultura terciarizada. La fragmentada dimensión laboral y económica de las explotaciones agrarias determina el proceso de externalización de las tareas agrarias...

This paper outlines an approach to disaggregating labor payments in the GTAP, global economic data base. The split between low- and high-skilled labor is based on occupational data. High-skilled labor is assumed to consist of managers, administrators, professionals, and para-professionals. Data...

Following the dissolution of the Soviet Union in December 1991, Russia experienced a series of economic shocks, resulting in large decreases in output but limited change in employment. Using information contained in a nationally representative longitudinal survey of Russian citizens, this...

Education, child nutrition, adult health/nutrition, and labor mobility are critical factors in achieving recent sustained growth in factor productivity. To compare the contribution of these four human capital inputs, as expanded specification of the wage function is estimated from household...

This paper studies the causes and consequences of racial segregation using a new general equilibrium model that treats neighborhood compositions as endogenous. The model is estimated using unusually detailed restricted Census microdata covering the entire San Francisco Bay Area, and in...

This paper studies the structural impact of wage and price control policies in socialist transitional economies using a two-sector three-factor small open economy model. It illustrates the results quantitatively via simulation exercises. At the earlier stage of the transition when labor is...

In the last two decades, primary and secondary school enrollment rates have declined in Nigeria while enrollment rates in post-secondary school have increased. This paper estimates from the General Household Survey for Nigeria the private returns to schooling associated with levels of...