This paper argues that the labor transfer process outlined by the Lewis model (1954) can give rise to surplus labour - in the sense than the marginal product of labour is less that the wage - in the public part of the modern sector and that this may deprive the modern sector of its dynamism....

Latin American experts demonstrate how market-friendly measures in key policy areas can promote greater equity and efficiency. By identifying win-win strategies, the authors challenge the conventional wisdom that there is always a tradeoff between these two objectives. This volume shows how...

Latin American experts demonstrate how market-friendly measures in key policy areas can promote greater equity and efficiency. By identifying win-win strategies, the authors challenge the conventional wisdom that there is always a tradeoff between these two objectives. This volume shows how...

Utilizing panel data, we measure the responsiveness of student course choice to grades and asses the impact on the distribution of enrollment across departments of differences in grading policies. We show that grades strongly influence course choice; this influence remains powerful after...

In the United Kingdom, the increment to income yielded by an additional year of schooling declines as the occupational status of the worker's father rises. In this note the relationship between family background and the returns to schooling is measured in Kenya and Tanzania. In contrast to the...