Substantial increases in farmland demand in sub-urbanization have had profound effects on agriculture and produced a surge in farmland values. With escalating land values, farmland can take on the characteristics of a speculative asset and farmland owners may be more responsive to the investment...

Public employees in many developing economies earn much higher wages than similar private-sector workers. These wage premia may reflect an efficient return to effort or unobserved skills, or an inefficient rent causing labor misallocation. To distinguish these explanations, we exploit the Kenyan...