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Marginal Product in the Primitive Sector FIGURE 1. THE PURELY PRIMITIVE ECONOMY Effort Allocation at the Opening of the Market Sector FIGURE. Marginal Compensation W Primitive Production C Only ем Effort Devoted to Market Work E F ...
Marginal Product in the Primitive Sector FIGURE 1. THE PURELY PRIMITIVE ECONOMY Effort Allocation at the Opening of the Market Sector FIGURE. Marginal Compensation W Primitive Production C Only ем Effort Devoted to Market Work E F ...
Página 127
By ( 15 ) it is feasible for households to begin to accumulate human capital through learning once the market sector opens , but they will not do so . Human capital benefits individuals in our model by raising the wage that they earn in ...
By ( 15 ) it is feasible for households to begin to accumulate human capital through learning once the market sector opens , but they will not do so . Human capital benefits individuals in our model by raising the wage that they earn in ...
Página 270
The standard explanation for the public sector's concern for employment is a " welfarist " one : the public sector seeks to maximize social welfare . With widespread prevalence of unemployment in Bangladesh , the shadow price of labor ...
The standard explanation for the public sector's concern for employment is a " welfarist " one : the public sector seeks to maximize social welfare . With widespread prevalence of unemployment in Bangladesh , the shadow price of labor ...
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Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
Direitos de autor | |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers