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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19871| Title: | An Occupational Choice Model for Developing Countries |
| Keywords: | O12 J24 ddc:330 Occupational Choice Human Capital Economic Development General Equilibrium |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Most occupational choice models introduce only two options for agents: entrepreneurial activities or wage-employment. However, these models represent inadequately the labor force distribution from developing countries, where an important proportion of the total work force are self-employed workers. Some models introduce self-employment as an occupational choice. These works have a common feature : at equilibrium, wage earners belong to the lower end of the income distribution. However, for a large set of developing countries, peasants and small proprietors are part of a self employment sector that can mostly be found in the lower end of the income distribution. In this work, in contrast with previous efforts, self-employment formation is consistent with data from most developing countries. We pay special attention to the conditions under which either the economy ends in a low income equilibrium, where self-employment is the only form of production; or alternatively, a high income equilibrium with a well developed labor market. We study some public policy issues, paying special attention to role of capital markets and the efficiency of schooling. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19871 |
| Other Identifiers: | http://hdl.handle.net/10419/19871 ppn:560905688 RePEc:zbw:gdec07:6538 |
| Appears in Collections: | EconStor |
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