AN OCCUPATIONAL CHOICE MODEL FOR DEVELOPING COUNTRIES
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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: when in equilibrium, wage earners belong to the lower end of the income distribution. Nevertheless, 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 contrast with previous efforts, in this work 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, the economy ends in 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
Abstract
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: when in equilibrium, wage earners belong to the lower end of the income distribution. Nevertheless, 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 contrast with previous efforts, in this work 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, the economy ends in 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
참고문헌 (14)
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