Does land lease tenure insecurity cause decreased productivity and investment in the sugar industry? To answer this question, the present study examined the impact of weak formal tenure lease arrangements on tenantsEinvestment and the productivity of sugarcane in Ba province, Fiji. After...

The effect of accepting more immigrants on welfare in the presence of a pay-as-you-go social security system is analyzed theoretically and quantitatively in this study. First, it is shown that if intergenerational government transfers initially exist from the young to the old, the government can...

This paper develops a simple model that provides a unified explanation of the increased skewness of wage income distribution based on differences in flexibility of skills--modeled as differences in the setup costs required to combine/perform a given number of tasks. Our numerical experiments in...

This paper develops a simple, general equilibrium model in which competition policies--both entry and antitrust policies--can change the skill premium for wages. The model shows that under variety-skill complementarity, entry deregulation that reduces the fixed costs of entry increases the skill...

Households have many economic roles in society. One of such roles is to share household-level public goods that are jointly consumed by members of the household. Several theoretical models have been proposed in the literature: the unitary model, the non-cooperative game theoretical model and the...

The effect of accepting more immigrants on welfare in the presence of a pay-as-you-go social security system is analyzed theoretically and quantitatively. First, it is shown that if initially there exist intergenerational government transfers from the young to the old, the government can lead an...

In the standard multi-period model, the consumption tax and the wage tax are equivalent. When a capital market is incomplete, such that the rate of return from capital is idiosyncratic, the consumption tax, in contrast to the wage tax, can play a role in risk-sharing. However, risk-sharing may...

Utilizing changes of Japanese immigration law in 1990s, I study the effect of the inflow of unskilled immigrants on native's human capital accumulation by applying the difference of differences estimation method. Using 10 percent sample of the Japanese census data, I show that for individual...