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The labor wage is the result of market variables and institutional settings of a country. In an open economy the determination of the market wage rate may be further affected by the extent of international mobility of both factors of production, labor and capital. Labor mobility is represented...
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Duflo (2001) exploits a 1970s schooling expansion in Indonesia to estimate the returns to schooling. Under the study …
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Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen … countries ranging from rich (Canada, U.S.) to poor (India, Indonesia). We develop a measure of human capital that accounts for …
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