Human capital, market imperfections, and labor reallocation in transition |
| |
| Authors: | Marian Rizov Johan F.M. Swinnen |
| |
| Affiliation: | aInstitute for International Integration Studies, Trinity College Dublin, Ireland;bLICOS Center for Transition Economics, Katholieke Universiteit Leuven, Belgium;cThe World Bank, Washington, DC, USA;dLICOS Center for Transition Economics & Department of Economics, Katholieke Universiteit Leuven, Belgium |
| |
| Abstract: | In this paper, we investigate the effects of human capital and factor market imperfections on household decisions regarding labor use and reallocation in transition countries. We develop a model that accounts explicitly for heterogeneity in the supply of labor and analyze its impact on the allocation of labor. Furthermore, the effects of imperfections in the capital and labor markets on the reallocation process are modeled. Using a dataset based on a countrywide representative survey of Hungarian rural households, we estimate the effects empirically and find them to be important. Journal of Comparative Economics 32 (4) (2004) 745–774. |
| |
| Keywords: | Labor allocation Self-employment Human capital Households Transition economies Hungary |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
