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We characterize the salient features of the distribution of (log) earnings of formal workers in Mexico using social security records for the period 2005-2019. The analysis is based on a nonparametric approach and is focused primarily on the properties of the distribution of earnings changes. We...
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This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...
Persistent link: https://www.econbiz.de/10011917048
A key feature of developing economies is that wages in agriculture are significantly below those of other sectors. Using Brazilian household surveys and administrative panel data, I use information on workers who switch sectors to decompose this gap. I find that most of the gap is explained by...
Persistent link: https://www.econbiz.de/10012934216
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
sovereignty as a result. Among them were countries such as Estonia and Kazakhstan. This article considers whether these countries …. Currently, Estonia is considered the most developed country of the 15 former members of the USSR, and Kazakhstan is in 5th place … Estonia needs radical measures to achieve economic acceleration. The authors, analyzing the strategic activity of Estonia and …
Persistent link: https://www.econbiz.de/10013368195
) in relation to employment and unemployment. The text includes a description of Estonia labour market institutions as well …
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