This paper studies the effect of ownership structure on workers' incentives for investing in firm-specific human capital. Particularly, we analyse such incentivers and monitoring under employee ownership and capitalist ownership. In our model, the employee-owned firm is a firm bought by its...

The main purpose of the paper is to examine the effects of trade reform on the skill structure of the urban formal and the informal sectors. Two types of trade reforms are considered here: reduction in tariff and reduction in export subsidy. My analysis shows that a tariff reduction raises...