Drawing on a unique panel sample of households residing in three resettlement areas of rural Zimbabwe, the authors analyse the impact of farmer contact with agricultural extension services of farm productivity. They exploit two features of the data: the data's longitudinal nature and explicit...

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...

Empirical work in labour economics has focused on rent sharing as an explanation for the observed correlation in cross-sections between wages and profitability. The alternative explanation of risk sharing between workers and employers has not been tested. Using a unique panel data set for four...