| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3032 |
| DP3032 On the Structure of Tenancy Contracts: Theory and Evidence from 19th Century Rural Sicily | |
| Oriana Bandiera | |
| 发表日期 | 2001-10-25 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | The extent of entrepreneurial activity in an economy with poorly developed capital markets depends on the distribution of wealth, though in potentially complex ways. A non-parametric model of the wealth effect on self-employment is estimated using micro data on the occupational choices of return migrants in Tunisia. Controls for heterogeneity are included, and tests are made for selection bias and separability between wealth and the controls. There is no sign of increasing returns at low wealth, suggesting generally low start-up costs in this setting. The aggregate self-employment rate is an increasing function of aggregate wealth, but a decreasing function of wealth inequality, though even substantial redistributions of wealth would have only a small impact. |
| 主题 | Labour Economics |
| 关键词 | Borrowing constraints Wealth inequality Self-employment Migration |
| URL | https://cepr.org/publications/dp3032 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532061 |
| 推荐引用方式 GB/T 7714 | Oriana Bandiera. DP3032 On the Structure of Tenancy Contracts: Theory and Evidence from 19th Century Rural Sicily. 2001. |
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