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  • 2000-2004  (24)
  • Washington, D.C : The World Bank  (24)
  • Social Protections and Labor  (24)
  • 1
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Sakellariou, Chris N Incidence Analysis of Public Support to the Private Education Sector in Côte d'Ivoire
    Keywords: Access and Equity in Basic Education ; Dropout Rates ; Education ; Education Expenditure ; Education for All ; Education of Children ; Effective Schools and Teachers ; Enrollment Ratios ; Fees ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Education ; Gross Enrollment ; High Dropout ; Higher Education ; Levels of Education ; Number of Students ; Primary Education ; Secondary Education ; Social Protections and Labor ; Tertiary Education ; Access and Equity in Basic Education ; Dropout Rates ; Education ; Education Expenditure ; Education for All ; Education of Children ; Effective Schools and Teachers ; Enrollment Ratios ; Fees ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Education ; Gross Enrollment ; High Dropout ; Higher Education ; Levels of Education ; Number of Students ; Primary Education ; Secondary Education ; Social Protections and Labor ; Tertiary Education ; Access and Equity in Basic Education ; Dropout Rates ; Education ; Education Expenditure ; Education for All ; Education of Children ; Effective Schools and Teachers ; Enrollment Ratios ; Fees ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Education ; Gross Enrollment ; High Dropout ; Higher Education ; Levels of Education ; Number of Students ; Primary Education ; Secondary Education ; Social Protections and Labor ; Tertiary Education
    Abstract: Sakellariou and Patrinos analyze the equity effects of public subsidization of private schools in Côte d'Ivoire, update previous analyses, and attempt to assess how efficiently public spending is targeted. The subsidy per student in private (and public) schools increases at higher quintiles. Students from families in the highest quintile receive more than twice the subsidy received by students from families in the lowest quintile, compared with four times more in the case of students attending public schools. However, the subsidy system is progressive as there is a clear tendency for the share of family education expenditure covered by subsidies to decline at higher quintiles. This element of progressivity is stronger in the case of private school attendance. This paper—a product of the Education Sector Unit, Latin America and the Caribbean Region—is part of a larger effort in the region to evaluate education policies
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  • 2
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Zhai, Fan Labor Market Distortions, Rural-Urban Inequality, and the Opening of China's Economy
    Keywords: Debt Markets ; Economic Theory and Research ; Factor Markets ; Finance and Financial Sector Development ; Financial Literacy ; Household Survey ; Income Distribution ; Income Inequality ; International Economics & Trade ; Labor ; Labor Force ; Labor Market ; Labor Markets ; Labor Markets ; Labor Mobility ; Labor Policies ; Macroeconomics and Economic Growth ; Markets and Market Access ; Poverty Reduction ; Product Market ; Product Market Reform ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Urban Development Policy ; Urban Housing and Land ; Debt Markets ; Economic Theory and Research ; Factor Markets ; Finance and Financial Sector Development ; Financial Literacy ; Household Survey ; Income Distribution ; Income Inequality ; International Economics & Trade ; Labor ; Labor Force ; Labor Market ; Labor Markets ; Labor Markets ; Labor Mobility ; Labor Policies ; Macroeconomics and Economic Growth ; Markets and Market Access ; Poverty Reduction ; Product Market ; Product Market Reform ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Urban Development Policy ; Urban Housing and Land ; Debt Markets ; Economic Theory and Research ; Factor Markets ; Finance and Financial Sector Development ; Financial Literacy ; Household Survey ; Income Distribution ; Income Inequality ; International Economics & Trade ; Labor ; Labor Force ; Labor Market ; Labor Markets ; Labor Markets ; Labor Mobility ; Labor Policies ; Macroeconomics and Economic Growth ; Markets and Market Access ; Poverty Reduction ; Product Market ; Product Market Reform ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Urban Development Policy ; Urban Housing and Land
    Abstract: Hertel and Zhai evaluate the impact of two key factor market distortions in China on rural-urban inequality and income distribution. They find that creation of a fully functioning land market has a significant impact on rural-urban inequality. This reform permits agricultural households to focus solely on the differential between farm and nonfarm returns to labor in determining whether to work on or off-farm. This gives rise to an additional 10 million people moving out of agriculture by 2007 and lends a significant boost to the incomes of those remaining in agriculture. This off-farm migration also contributes to a significant rise in rural-urban migration, thereby lowering urban wages, particularly for unskilled workers. As a consequence, rural-urban inequality declines significantly. The authors find that reform of the Hukou system has the most significant impact on aggregate economic activity, as well as income distribution. Whereas the land market reform primarily benefits the agricultural households, this reform's primary beneficiaries are the rural households currently sending temporary migrants to the city. By reducing the implicit tax on temporary migrants, Hukou reform boosts their welfare and contributes to increased rural-urban migration. The combined effect of both factor market reforms is to reduce the urban-rural income ratio dramatically, from 2.59 in 2007 under the authors' baseline scenario to 2.27. When viewed as a combined policy package, along with WTO accession, rather than increasing inequality in China, the combined impact of product and factor market reforms significantly reduces rural-urban income inequality. This is an important outcome in an economy currently experiencing historic levels of rural-urban inequality. This paper—a product of the Trade Team, Development Research Group—is part of a larger effort in the group to evaluate the poverty impacts of trade policy reforms
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  • 3
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Shleifer, Andrei The New Comparative Economics
    Keywords: Allocation ; Capital ; Capitalism ; Children and Youth ; Contract ; Debt Markets ; Democracy ; Dictatorship ; Economic Growth ; Economic Theory and Research ; Economics ; Efficiency ; Emerging Markets ; Finance and Financial Sector Development ; Gender ; Gender ; Institutional Economics ; Investment ; Labor Policies ; Law and Development ; Legal Products ; Macroeconomics and Economic Growth ; Market ; Market Economy ; Political Economy ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Allocation ; Capital ; Capitalism ; Children and Youth ; Contract ; Debt Markets ; Democracy ; Dictatorship ; Economic Growth ; Economic Theory and Research ; Economics ; Efficiency ; Emerging Markets ; Finance and Financial Sector Development ; Gender ; Gender ; Institutional Economics ; Investment ; Labor Policies ; Law and Development ; Legal Products ; Macroeconomics and Economic Growth ; Market ; Market Economy ; Political Economy ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor ; Allocation ; Capital ; Capitalism ; Children and Youth ; Contract ; Debt Markets ; Democracy ; Dictatorship ; Economic Growth ; Economic Theory and Research ; Economics ; Efficiency ; Emerging Markets ; Finance and Financial Sector Development ; Gender ; Gender ; Institutional Economics ; Investment ; Labor Policies ; Law and Development ; Legal Products ; Macroeconomics and Economic Growth ; Market ; Market Economy ; Political Economy ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Social Protections and Labor
    Abstract: In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. They then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice. This paper—a product of the Private Sector Advisory Department, Private Sector Development Vice Presidency—is part of a larger effort to understand institutional differences in the regulation of business
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  • 4
    Language: English
    Pages: Online-Ressource (1 online resource (64 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: McNulty, Mary East Asia's Dynamic Development Model and the Republic of Korea's Experiences
    Keywords: Capital ; Competition ; Criteria ; Cultural Policy ; Culture & Development ; Currencies and Exchange Rates ; Debt Markets ; Development ; E-Business ; Economic Development ; Economic Progress ; Economic Theory and Research ; Economic Thought ; Economy ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis ; Financial Crisis ; Financial Literacy ; Industry ; Influence ; Inheritance ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Technology Industry ; Capital ; Competition ; Criteria ; Cultural Policy ; Culture & Development ; Currencies and Exchange Rates ; Debt Markets ; Development ; E-Business ; Economic Development ; Economic Progress ; Economic Theory and Research ; Economic Thought ; Economy ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis ; Financial Crisis ; Financial Literacy ; Industry ; Influence ; Inheritance ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Technology Industry ; Capital ; Competition ; Criteria ; Cultural Policy ; Culture & Development ; Currencies and Exchange Rates ; Debt Markets ; Development ; E-Business ; Economic Development ; Economic Progress ; Economic Theory and Research ; Economic Thought ; Economy ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis ; Financial Crisis ; Financial Literacy ; Industry ; Influence ; Inheritance ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Technology Industry
    Abstract: No region has been more dynamic in recent years than East Asia. Despite its successful economic development, evaluations of the East Asian development model have often been capricious, shifting from "miracle" to "cronyism." How can we explain East Asia's ups and downs consistently? To respond to this challenge, it is necessary to study the progress of East Asian development and to trace the influence of Asian cultural values. This study mainly focuses on cultural aspects of economic progress and analyzes East Asia's philosophical and historical backgrounds to explain the dynamic process. East Asians believe that balance between opposite but complementary forces, Yin and Yang, will ensure social stability and progress. Through repeated rebalancing to maintain harmony, the society comes to maturity. In traditional East Asian societies, a balance was maintained between Confucianism (Yang) and Taoism, Buddhism, and other philosophies (Yin). In modern societies, the challenge is to balance traditional systems (Yang) and Western style capitalism (Yin). This East Asian development model explains the Republic of Korea's rise, fall, and recovery. Korea was a poor country until the early 1960s, during the time when spiritualism (Yang) dominated. From the 1960s through the 1980s, Korea achieved rapid growth by finding a new balance and moving toward materialism (Yin) from spiritualism (Yang). But the failure to maintain a harmonious balance between cooperatism and collectivism (Yang) and individualism (Yin) led to major weaknesses in labor and financial markets that contributed significantly to the financial crisis in 1997. As Korea arrived at a new balance by instituting reform programs, the venture-oriented information and communication technology (ICT) industry blossomed and led to a rapid economic recovery. Since 2000, domestic financial scandals and political corruption have emerged as new social issues. Korea's next challenge is to find a new harmonization between moralism (Yang) and legalism (Yin). This paper—a product of the Office of the Senior Vice President and Chief Economist, Development Economics—is part of a larger effort in the Bank to examine institutional and cultural foundations of development across regions and countries
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  • 5
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Martin, Will Economic Impacts of China's Accession to the World Trade Organization
    Keywords: Base Year ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Growth Rate ; Influence ; Inputs ; International Economics & Trade ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Quotas ; Social Protections and Labor ; Trade ; Trade Policy ; Trade Policy ; Trade Reform ; World Trade Organization ; Base Year ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Growth Rate ; Influence ; Inputs ; International Economics & Trade ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Quotas ; Social Protections and Labor ; Trade ; Trade Policy ; Trade Policy ; Trade Reform ; World Trade Organization ; Base Year ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Growth Rate ; Influence ; Inputs ; International Economics & Trade ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Quotas ; Social Protections and Labor ; Trade ; Trade Policy ; Trade Policy ; Trade Reform ; World Trade Organization
    Abstract: Ianchovichina and Martin present estimates of the impact of accession by China and Chinese Taipei to the World Trade Organization. China is estimated to be the biggest beneficiary, followed by Chinese Taipei and their major trading partners. Accession will boost the labor-intensive manufacturing sectors in China, especially the textiles and apparel sector that will benefit directly from the removal of quotas on textiles and apparel exports to North America and Western Europe. Consequently, developing economies competing with China in third markets may suffer relatively small losses. China has already benefited from the reforms undertaken between 1995 and 2001 (US
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  • 6
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ianchovichina, Elena Long-Run Impacts of China's WTO Accession on Farm-Nonfarm Income Inequality and Rural Poverty
    Keywords: Agricultural Policy ; Agriculture ; Crops and Crop Management Systems ; Economic Growth ; Economic Theory and Research ; Farm Households ; Farm Incomes ; Farm Products ; Farm Sector ; Farm Work ; Farmers ; Food Insecurity ; Food and Beverage Industry ; Income ; Income Inequality ; Industry ; International Economics & Trade ; Livestock and Animal Husbandry ; Macroeconomics and Economic Growth ; Poor ; Poverty Reduction ; Private Sector Development ; Rural Development ; Rural Development Knowledge ; Rural Poverty Reduction ; Social Protections and Labor ; World Trade Organization ; Agricultural Policy ; Agriculture ; Crops and Crop Management Systems ; Economic Growth ; Economic Theory and Research ; Farm Households ; Farm Incomes ; Farm Products ; Farm Sector ; Farm Work ; Farmers ; Food Insecurity ; Food and Beverage Industry ; Income ; Income Inequality ; Industry ; International Economics & Trade ; Livestock and Animal Husbandry ; Macroeconomics and Economic Growth ; Poor ; Poverty Reduction ; Private Sector Development ; Rural Development ; Rural Development Knowledge ; Rural Poverty Reduction ; Social Protections and Labor ; World Trade Organization ; Agricultural Policy ; Agriculture ; Crops and Crop Management Systems ; Economic Growth ; Economic Theory and Research ; Farm Households ; Farm Incomes ; Farm Products ; Farm Sector ; Farm Work ; Farmers ; Food Insecurity ; Food and Beverage Industry ; Income ; Income Inequality ; Industry ; International Economics & Trade ; Livestock and Animal Husbandry ; Macroeconomics and Economic Growth ; Poor ; Poverty Reduction ; Private Sector Development ; Rural Development ; Rural Development Knowledge ; Rural Poverty Reduction ; Social Protections and Labor ; World Trade Organization
    Abstract: Many fear China's accession to the World Trade Organization (WTO) will impoverish its rural people by way of greater import competition in its agricultural markets. Anderson, Huang, and Ianchovichina explore that possibility bearing in mind that, even if producer prices of some (land-intensive) farm products fall, prices of other (labor-intensive) farm products could rise. Also, the removal of restrictions on exports of textiles and clothing could boost town and village enterprises, so demand for unskilled labor for nonfarm work in rural areas may grow even if demand for farm labor in aggregate falls. New estimates, from the global economywide numerical simulation model known as GTAP, of the likely changes in agricultural and other product prices as a result of WTO accession are drawn on to examine empirically the factor reward implications of China's WTO accession. The results suggest farm-nonfarm and Western-Eastern income inequality may well rise in China but rural-urban income inequality need not. The authors conclude with some policy suggestions for alleviating any pockets of farm household poverty that may emerge as a result of WTO accession. This paper—a product of the Economic Policy Division, Poverty Reduction and Economic Management Network—is part of a larger effort in the network to assess the impact of China's WTO accession
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  • 7
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ravallion, Martin Household Welfare Impacts of China's Accession to the World Trade Organization
    Keywords: Consumption Behavior ; Distributional Effects ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Food Commodities ; Food Items ; Food Staples ; Health, Nutrition and Population ; Household Survey ; Household Surveys ; Household Welfare ; Income ; Income Shares ; Inequality ; Inequality ; Labor Policies ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Lines ; Poverty Reduction ; Private Sector Developmen ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Trade Policy ; Consumption Behavior ; Distributional Effects ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Food Commodities ; Food Items ; Food Staples ; Health, Nutrition and Population ; Household Survey ; Household Surveys ; Household Welfare ; Income ; Income Shares ; Inequality ; Inequality ; Labor Policies ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Lines ; Poverty Reduction ; Private Sector Developmen ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Trade Policy ; Consumption Behavior ; Distributional Effects ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Food Commodities ; Food Items ; Food Staples ; Health, Nutrition and Population ; Household Survey ; Household Surveys ; Household Welfare ; Income ; Income Shares ; Inequality ; Inequality ; Labor Policies ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Lines ; Poverty Reduction ; Private Sector Developmen ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Trade Policy
    Abstract: Chen and Ravallion use China's national household surveys for rural and urban areas to measure and explain the welfare impacts of the changes in goods and factor prices attributed to WTO accession. Price changes are estimated separately using a general equilibrium model to capture both direct and indirect effects of the initial tariff changes. The welfare impacts are first-order approximations based on a household model incorporating own-production activities and are calibrated to the household-level data imposing minimum aggregation. The authors find negligible impacts on inequality and poverty in the aggregate. However, diverse impacts emerge across household types and regions associated with heterogeneity in consumption behavior and income sources, with possible implications for compensatory policy responses. This paper—a product of the Poverty Team, Development Research Group—is part of a larger effort in the group to assess the household welfare impacts of economywide policy changes
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  • 8
    Language: English
    Pages: Online-Ressource (1 online resource (54 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Walle, de van Dominique The Static and Dynamic Incidence of Vietnam's Public Safety Net
    Keywords: Economic Growth ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Horizontal Equity ; Household Transfers ; Household Welfare ; Income ; Living Standards ; Natural Disasters ; Poor ; Population Policies ; Poverty ; Poverty Alleviation ; Poverty Reduction ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Safety Nets and Transfers ; Services and Transfers to Poor ; Social Protections and Labor ; Economic Growth ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Horizontal Equity ; Household Transfers ; Household Welfare ; Income ; Living Standards ; Natural Disasters ; Poor ; Population Policies ; Poverty ; Poverty Alleviation ; Poverty Reduction ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Safety Nets and Transfers ; Services and Transfers to Poor ; Social Protections and Labor ; Economic Growth ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Horizontal Equity ; Household Transfers ; Household Welfare ; Income ; Living Standards ; Natural Disasters ; Poor ; Population Policies ; Poverty ; Poverty Alleviation ; Poverty Reduction ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Safety Nets and Transfers ; Services and Transfers to Poor ; Social Protections and Labor
    Abstract: Vietnam's social welfare programs do not adequately protect and promote the poor. Increased spending, with better coverage and targeting, could help poor and vulnerable households. How does Vietnam's public safety net affect outcomes for the poor? Although social welfare programs in Vietnam are centrally mandated, they are locally implemented according to local norms and local poverty standards and often rely heavily on local financing. Van de Walle examines the coverage, incidence, and horizontal equity of the programs that can be identified in the data from the Vietnam Living Standards Survey. She looks at the role of location in determining whether the poor are assisted nationally. And she explores dynamic incidence between 1993 and 1998 and the degree to which programs performed a safety net function. The author's analysis shows that coverage and payments to households are low and have had a negligible impact on poverty. In principle, better targeting could improve the impact of current outlays. The analysis also shows that the system was ineffective in protecting households that were vulnerable to shocks. Finally, the results suggest that although there is a greater concentration of poverty-related programs and greater household participation in poorer communes, the system spends more (absolutely and relatively) on the poor in richer communes. This paper—a product of Public Services, Development Research Group—is part of a larger effort in the group to improve the delivery and effectiveness of social protection programs. The author may be contacted at dvandewalleworldbank.org
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  • 9
    Language: English
    Pages: Online-Ressource (1 online resource (58 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ferreira, Francisco Beyond Oaxaca-Blinder
    Keywords: Absolute Poverty ; Counterfactual ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Household Consumption ; Household Income ; Household Per Capital Income ; Household Survey ; Household Surveys ; Income ; Income Distribution ; Income Inequality ; Inequality ; Labor Policies ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Impact Evaluation ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Absolute Poverty ; Counterfactual ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Household Consumption ; Household Income ; Household Per Capital Income ; Household Survey ; Household Surveys ; Income ; Income Distribution ; Income Inequality ; Inequality ; Labor Policies ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Impact Evaluation ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Absolute Poverty ; Counterfactual ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Household Consumption ; Household Income ; Household Per Capital Income ; Household Survey ; Household Surveys ; Income ; Income Distribution ; Income Inequality ; Inequality ; Labor Policies ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Impact Evaluation ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor
    Abstract: Bourguignon, Ferreira, and Leite develop a microeconometric method to account for differences across distributions of household income. Going beyond the determination of earnings in labor markets, they also estimate statistical models for occupational choice and for conditional distributions of education, fertility, and nonlabor incomes. The authors import combinations of estimated parameters from these models to simulate counterfactual income distributions. This allows them to decompose differences between functionals of two income distributions (such as inequality or poverty measures) into shares because of differences in the structure of labor market returns (price effects), differences in the occupational structure, and differences in the underlying distribution of assets (endowment effects). The authors apply the method to the differences between the Brazilian income distribution and those of Mexico and the United States, and find that most of Brazil's excess income inequality is due to underlying inequalities in the distribution of two key endowments: access to education and to sources of nonlabor income, mainly pensions. This paper is a product of the Research Advisory Staff. The authors may be contacted at fbourguignonworldbank.org, fferreira@econ.puc-rio.br or phil@econ.puc-rio.br
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cox, Donald Private Interhousehold Transfers in Vietnam in the Early and Late 1990s
    Keywords: Communities & Human Settlements ; Crowding Out ; Economic Growth ; Farm Productivity ; Finance and Financial Sector Development ; Financial Labor ; Household Head ; Household Income ; Household Welfare ; Human Capital ; Human Capital Investment ; Income ; Income Redistribution ; Labor Policies ; Land and Real Estate Development ; Municipal Housing and Land ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Real Estate Development ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Communities & Human Settlements ; Crowding Out ; Economic Growth ; Farm Productivity ; Finance and Financial Sector Development ; Financial Labor ; Household Head ; Household Income ; Household Welfare ; Human Capital ; Human Capital Investment ; Income ; Income Redistribution ; Labor Policies ; Land and Real Estate Development ; Municipal Housing and Land ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Real Estate Development ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Communities & Human Settlements ; Crowding Out ; Economic Growth ; Farm Productivity ; Finance and Financial Sector Development ; Financial Labor ; Household Head ; Household Income ; Household Welfare ; Human Capital ; Human Capital Investment ; Income ; Income Redistribution ; Labor Policies ; Land and Real Estate Development ; Municipal Housing and Land ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Real Estate Development ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor
    Abstract: Cox uses date from the 1992-93 and 1997-98 Vietnam Living Standards Survey (VLSS) to describe patterns of money transfers between households. Rapid economic growth during the 1990s did little to diminish the importance of private transfers in Vietnam. Private transfers are large and widespread in both surveys, and are much larger than public transfers. Private transfers appear to function like means-tested public transfers, flowing from better-off to worse-off households and providing old age support in retirement. Panel evidence suggests some hysteresis in private transfer patterns, but many households also changed from recipients to givers and vice versa between surveys. Changes in private transfers appear responsive to changes in household pre-transfer income, demographic changes, and life-course events. Transfer inflows rise upon retirement and widowhood, for example, and are positively associated with increases in health expenditures. It also appears that private transfer inflows increased for households affected by Typhoon Linda, which devastated Vietnam's southernmost provinces in late 1997. This paper is a product of Macroeconomics and Growth, Development Research Group. The study was funded by the Bank's Research Support Budget under the research project Economic Growth and Household Welfare: Policy Lessons from Vietnam. The author may be contacted at donald.coxbc.edu
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  • 11
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Pizzati, Lodovico Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania
    Keywords: Currencies and Exchange Rates ; Currency ; Currency Board ; Currency Board Arrangement ; Currency Peg ; Debt Markets ; Demand ; Domestic Currency ; Economic Theory and Research ; Economies ; Emerging Markets ; Exchange-Rate ; Finance and Financial Sector Development ; General Equilibrium ; General Equilibrium Model ; Imports ; Labor Markets ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor ; Currencies and Exchange Rates ; Currency ; Currency Board ; Currency Board Arrangement ; Currency Peg ; Debt Markets ; Demand ; Domestic Currency ; Economic Theory and Research ; Economies ; Emerging Markets ; Exchange-Rate ; Finance and Financial Sector Development ; General Equilibrium ; General Equilibrium Model ; Imports ; Labor Markets ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor ; Currencies and Exchange Rates ; Currency ; Currency Board ; Currency Board Arrangement ; Currency Peg ; Debt Markets ; Demand ; Domestic Currency ; Economic Theory and Research ; Economies ; Emerging Markets ; Exchange-Rate ; Finance and Financial Sector Development ; General Equilibrium ; General Equilibrium Model ; Imports ; Labor Markets ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor
    Abstract: On February 2, 2002, Lithuania switched its currency anchor from the dollar to the euro. While pegging to the dollar (since April 1994) has proven successful throughout the transition years, the recent decision to peg to the euro was motivated by the increasing trade relations with European economies. Pizzati does not argue which peg is more appropriate, but he analyzes the implications of changing the exchange rate regime for different sectors and labor groups. While pegging to the euro entails more stability for the export sector, Lithuania is still dependent on dollar-based imports of primary goods from the Commonwealth of Independent States, more so than other Baltic countries or Central European economies. Pizzati uses a multisector general equilibrium model to compare the effects of dollar-euro exchange rate movements under these alternative pegs. Overall, simulation results suggest that while a euro-peg will provide more stability to GDP and employment, it will also imply more volatility in prices, suggesting that under the new peg macroeconomic policy should be more concerned with inflationary pressures than before. From a sector-specific perspective, pegging to the euro will provide a more stable demand for unskilled-intensive manufacturing and commercial services. But other sectors, such as agriculture, will still face the same vulnerability to exchange rate movements. This suggests that additional policy measures may be needed to compensate sector-specific divergences. This paper—a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region—is part of a larger effort in the region to address European Union integration issues in transition economies. Please contact Lodovico Pizzati, room H4-214, telephone 202-473-2259, fax 202-614-0683, email address lpizzatiworldbank.org
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  • 12
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Baulch, Bob Ethnic Minority Development in Vietnam
    Keywords: Adoption ; Anthropology ; Communities & Human Settlements ; Culture & Development ; Disability ; Economic Growth ; Education ; Education for All ; Ethnic Groups ; Fertility ; Fertility Rate ; Gender ; Gender and Education ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Capital ; Living Standards ; Minority ; Policy ; Population ; Population Policies ; Populations ; Poverty ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty ; Rural Poverty Reduction ; Small Area Estimation Poverty Mapping ; Social Protections and Labor ; Adoption ; Anthropology ; Communities & Human Settlements ; Culture & Development ; Disability ; Economic Growth ; Education ; Education for All ; Ethnic Groups ; Fertility ; Fertility Rate ; Gender ; Gender and Education ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Capital ; Living Standards ; Minority ; Policy ; Population ; Population Policies ; Populations ; Poverty ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty ; Rural Poverty Reduction ; Small Area Estimation Poverty Mapping ; Social Protections and Labor ; Adoption ; Anthropology ; Communities & Human Settlements ; Culture & Development ; Disability ; Economic Growth ; Education ; Education for All ; Ethnic Groups ; Fertility ; Fertility Rate ; Gender ; Gender and Education ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Capital ; Living Standards ; Minority ; Policy ; Population ; Population Policies ; Populations ; Poverty ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty ; Rural Poverty Reduction ; Small Area Estimation Poverty Mapping ; Social Protections and Labor
    Abstract: Baulch, Chuyen, Haughton, and Haughton examine the latest quantitative evidence on disparities in living standards between and among different ethnic groups in Vietnam. Using data from the 1998 Vietnam Living Standards Survey and 1999 Census, they show that Kinh and Hoa ("majority") households have substantially higher living standards than "minority" households from Vietnam's other 52 ethnic groups. Subdividing the population into five broad categories, the authors find that while the Kinh, Hoa, Khmer, and Northern Highland minorities have benefited from economic growth in the 1990s, the growth of Central Highland minorities has stagnated. Disaggregating further, they find that the same ethnic groups whose living standards have risen fastest are those that have the highest school enrollment rates, are most likely to intermarry with Kinh partners, and are the least likely to practice a religion. The authors then estimate and decompose a set of expenditure regressions which show that even if minority households had the same endowments as Kinh households, this would close no more than a third of the gap in per capita expenditures. While some ethnic minorities seem to be doing well with a strategy of assimilating (both culturally and economically) with the Kinh-Hoa majority, other groups are attempting to integrate economically while retaining distinct cultural identities. A third group comprising the Central Highland minorities, including the Hmong, is largely being left behind by the growth process. Such diversity in the socioeconomic development experiences of the different ethnic minorities indicates the need for similar diversity in the policy interventions that are designed to assist them. This paper—a product of Macroeconomics and Growth, Development Research Group—is part of a larger effort in the group to study household welfare and poverty reduction in Vietnam. Jonathan Haughton may be contacted at jhaughtobeaconhill.org
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  • 13
    Language: English
    Pages: Online-Ressource (1 online resource (56 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Love, Inessa Investor Protection, Ownership, and the Cost of Capital
    Keywords: Capital Investment ; Capital Stock ; Contract ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Equity ; Equity Stakes ; Finance ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Holding ; Investment ; Investment Decisions ; Investment and Investment Climate ; Investor ; Investor Protection ; Labor Policies ; Macroeconomics and Economic Growth ; Microfinance ; Political Economy ; Private Sector Development ; Social Protections and Labor ; Capital Investment ; Capital Stock ; Contract ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Equity ; Equity Stakes ; Finance ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Holding ; Investment ; Investment Decisions ; Investment and Investment Climate ; Investor ; Investor Protection ; Labor Policies ; Macroeconomics and Economic Growth ; Microfinance ; Political Economy ; Private Sector Development ; Social Protections and Labor ; Capital Investment ; Capital Stock ; Contract ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Equity ; Equity Stakes ; Finance ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Holding ; Investment ; Investment Decisions ; Investment and Investment Climate ; Investor ; Investor Protection ; Labor Policies ; Macroeconomics and Economic Growth ; Microfinance ; Political Economy ; Private Sector Development ; Social Protections and Labor
    Abstract: Himmelberg, Hubbard, and Love combine the agency theory of the firm with risk diversification incentives for insiders. Principal-agent problems between insiders and outsiders force insiders to retain a larger share in their firm than they would under a perfect risk diversification strategy. The authors predict that this higher share of insider ownership and the resulting exposure of insiders to higher idiosyncratic risk will result in underinvestment and higher cost of capital. Using firm-level data from 38 countries, the authors provide evidence in support of their theoretical model, showing that the premium for bearing idiosyncratic risk varies between zero and six percent and decreases in the level of outside investor protection. The results of the study imply that policies aimed at strengthening investor protection laws and their enforcement will improve capital allocation and result in higher growth. This paper—a product of Finance, Development Research Group—is part of a larger effort in the group to study corporate governance and access to finance. The authors may be contacted at cph15columbia.edu or ilove@worldbank.org
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  • 14
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Klingebiel, Daniela Financial Crises, Financial Dependence, and Industry Growth
    Keywords: Adverse Consequences ; Adverse Effects ; Adverse Selection ; Bank Lending ; Banks and Banking Reform ; Cred Development ; Debt Markets ; Economic Growth ; Economic Research ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Crisis ; Financial Literacy ; Financial Sector ; Inequality ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Social Protections and Labor ; Adverse Consequences ; Adverse Effects ; Adverse Selection ; Bank Lending ; Banks and Banking Reform ; Cred Development ; Debt Markets ; Economic Growth ; Economic Research ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Crisis ; Financial Literacy ; Financial Sector ; Inequality ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Social Protections and Labor ; Adverse Consequences ; Adverse Effects ; Adverse Selection ; Bank Lending ; Banks and Banking Reform ; Cred Development ; Debt Markets ; Economic Growth ; Economic Research ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Crisis ; Financial Literacy ; Financial Sector ; Inequality ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Social Protections and Labor
    Abstract: Laeven, Klingebiel, and Kroszner investigate the link between financial crises and industry growth. They analyze data from 19 industrial and developing countries that have experienced financial crises during the past 30 years to investigate how financial crises affect sectors dependent on external sources of finance. Specifically, the authors examine whether the impact of a financial crisis on externally dependent sectors varies with the depth of the financial system. They find that sectors highly dependent on external finance tend to experience a greater contraction of value added during a crisis in deeper financial systems than in countries with shallower financial systems. They hypothesize that the deepening of the financial system allows sectors dependent on external finance to obtain relatively more external funding in normal periods, so a crisis in such countries would have a disproportionately negative effect on externally dependent sectors. In contrast, since externally dependent firms tend to obtain relatively less external financing in shallower financial systems (and hence have relatively lower growth rates in such countries during normal times), a crisis in such countries has less of a disproportionately negative effect on the growth of externally dependent sectors. This paper—a product of the Financial Sector Strategy and Policy Department—is part of a larger effort in the department to study the link between financial development and economic growth. The authors may be contacted at llaevenworldbank.org, dklingebiel@worldbank.org, or randy.kroszner@gsb.uchicago.edu
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  • 15
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Steer, Liesbet A Little Engine that Could … Domestic Private Companies and Vietnam's Pressing Need for Wage Employment
    Keywords: Banks and Banking Reform ; Corporate Law ; Employees ; Employment Generation ; Export-Oriented Industries ; Human Resource ; Informal Sector ; Job ; Job Creation ; Jobs ; Labor ; Labor Markets ; Law and Development ; Management ; Microfinance ; Preliminary Evidence ; Private Creation ; Private Sector Development ; Privatization ; Small Scale Enterprises ; Social Protections and Labor ; State Owned Enterprise Reform ; Banks and Banking Reform ; Corporate Law ; Employees ; Employment Generation ; Export-Oriented Industries ; Human Resource ; Informal Sector ; Job ; Job Creation ; Jobs ; Labor ; Labor Markets ; Law and Development ; Management ; Microfinance ; Preliminary Evidence ; Private Creation ; Private Sector Development ; Privatization ; Small Scale Enterprises ; Social Protections and Labor ; State Owned Enterprise Reform ; Banks and Banking Reform ; Corporate Law ; Employees ; Employment Generation ; Export-Oriented Industries ; Human Resource ; Informal Sector ; Job ; Job Creation ; Jobs ; Labor ; Labor Markets ; Law and Development ; Management ; Microfinance ; Preliminary Evidence ; Private Creation ; Private Sector Development ; Privatization ; Small Scale Enterprises ; Social Protections and Labor ; State Owned Enterprise Reform
    Abstract: Vietnam's young private sector is growing fast, due mainly to a policy environment that recognizes the importance of private entrepreneurship—particularly to help increase significantly job creation, which the country needs urgently. To extend the benefits of private sector growth from the urban centers where it has so far been concentrated to the rural areas where most Vietnamese live—and where underemployment is heaviest—more information on what is working and what is not will be needed. Steer and Taussig present an objective picture of Vietnam's emerging private sector two years after the implementation of its much praised Enterprise Law. Private companies are significantly better off than they were a couple years earlier, when regional economic recession and stagnating domestic policy reforms had nearly halted development of the formal private sector. At the same time, the sector's small base means that its impressive rates of job creation still fall far short of matching the booming growth of the overall work force. Data for this paper were collected from Vietnam's General Office of Statistics, individual company case studies, and a national firm-level survey designed and implemented by the authors. The research reveals significant gaps in available private sector data and flaws in current data-gathering methodologies, calling into question the ability of policymakers and advisors to understand rapid, ongoing economic developments and make appropriate policy decisions. The paper also seeks to provide a starting point and an impetus for more targeted research aimed at identifying and addressing specific obstacles to sustainable and broad-based job and wealth creation. This paper—a product of the Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region—is part of a larger effort in the region to understand the linkages between privat sector development, employment generation, and poverty reduction
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  • 16
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Schady, Norbert The (Positive) Effect of Macroeconomic Crises on the Schooling and Employment Decisions of Children in a Middle-Income Country
    Keywords: Adults ; Attendance Rate ; Attendance Rates ; Disability ; Education ; Education ; Education for All ; Education of Parents ; Educational Attainment ; Effective Schools ; Enrollment Rates ; Enrolment Rates ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Investments In Education ; Labor Policies ; Parental Education ; Population Policies ; Primary Education ; Social Protections and Labor ; Street Children ; Tertiary Education ; Urban Development ; Youth and Government ; Adults ; Attendance Rate ; Attendance Rates ; Disability ; Education ; Education ; Education for All ; Education of Parents ; Educational Attainment ; Effective Schools ; Enrollment Rates ; Enrolment Rates ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Investments In Education ; Labor Policies ; Parental Education ; Population Policies ; Primary Education ; Social Protections and Labor ; Street Children ; Tertiary Education ; Urban Development ; Youth and Government ; Adults ; Attendance Rate ; Attendance Rates ; Disability ; Education ; Education ; Education for All ; Education of Parents ; Educational Attainment ; Effective Schools ; Enrollment Rates ; Enrolment Rates ; Finance and Financial Sector Development ; Financial Literacy ; Health, Nutrition and Population ; Investments In Education ; Labor Policies ; Parental Education ; Population Policies ; Primary Education ; Social Protections and Labor ; Street Children ; Tertiary Education ; Urban Development ; Youth and Government
    Abstract: Under some conditions, macroeconomic crises can have a positive effect on the accumulation of human capital because they reduce the opportunity cost of schooling. This has profound implications for the design of appropriate social protection policies. The impact of macroeconomic crises on parents' investments in the human capital of their children is a widely contested issue. Schady analyzes the effects of the profound macroeconomic crisis in Peru in 1988–92 on the schooling and employment decisions made by urban school-age children. He arrives at two basic findings: • First, the crisis had no effect on the attendance rates of school-age children. But the share of children who were both employed and in school fell significantly during the crisis. • Second, mean educational attainment was significantly higher for children who were exposed to the crisis than for those who were not. Schady argues that these findings may be related: children who are not employed have more time available and may therefore put more effort into school. He concludes with a discussion of the implications of his findings for the design of appropriate social protection policies. This paper—a product of the Poverty Sector Unit, Latin America and the Caribbean Region—is part of a larger effort in the region to understand the effects of macroeconomic crises on households, and to design appropriate policies to mitigate their costs
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821349813 , 9780821349816
    Language: English
    Pages: Online-Ressource (1 online resource (450 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Annual World Bank Conference on Development Economics
    Keywords: Banks and Banking Reform ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor ; Banks and Banking Reform ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor ; Banks and Banking Reform ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Social Protections and Labor
    Abstract: These are the proceedings of the Annual World Bank Conference on Development Economics, which gathers the global perspective of scholars, and practitioners of development policy from academic life, government, and the private sector. The selected topics seek to include new areas of concern, and current research, as well as areas believed to benefit from exposure to recent knowledge, and experience. This year's conference focused on new development thinking, crises and recovery, corporate governance and restructuring, and, social security, public and private savings. The opening address outlines challenges for development, that include the intransigence of poverty in Africa, and ways to establish public-private partnerships at the country, and global levels, while the keynote address identifies equilibrium, and change as the focus of development economics: long-term sustainable growth requires development of a consensus behind the reform policies. Discussions varied from crises and recovery, through perspectives on the recent history of transition economies, to arguments on the possibilities of poverty reduction on a grand scale. Other topics include the exploration of development strategies, revision of the role of aid in providing finance, changing policies, and knowledge transfer, and, how to coordinate development problems
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  • 18
    Language: English
    Pages: Online-Ressource (1 online resource (52 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Wang, Zhi Implicit Pension Debt, Transition Cost, Options, and Impact of China's Pension Reform
    Keywords: Average Wage ; Bank ; Contribution ; Current Pension ; Debt ; Debt Markets ; Demand ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Situation ; Income ; Income Tax ; Individual Account ; Labor Force ; Ownership ; Pensions and Retirement Systems ; Private Sector Development ; Social Protections and Labor ; Average Wage ; Bank ; Contribution ; Current Pension ; Debt ; Debt Markets ; Demand ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Situation ; Income ; Income Tax ; Individual Account ; Labor Force ; Ownership ; Pensions and Retirement Systems ; Private Sector Development ; Social Protections and Labor ; Average Wage ; Bank ; Contribution ; Current Pension ; Debt ; Debt Markets ; Demand ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Situation ; Income ; Income Tax ; Individual Account ; Labor Force ; Ownership ; Pensions and Retirement Systems ; Private Sector Development ; Social Protections and Labor
    Abstract: China's population is aging rapidly: the old-age dependency ratio will rise from 11 percent in 1999 to 25 percent in 2030 and 36 percent in 2050. Currently, three workers support one retiree; without reform, the system dependency ratio will climb to 69 percent in 2030 and 79 percent in 2050. The pension system has been in deficit, with an implicit pension debt in 2000 as high as 71 percent of GDP. The lack of an effective, sustainable pension system is a serious obstacle to Chinese economic reform. The main problems with China's pension system—the heavy pension burdens of state enterprises and the aging of the population—have deepened in recent years. Using a new computable general equilibrium model that differentiates between three types of enterprise ownership and 22 groups in the labor force, Wang, Xu, Wang, and Zhai estimate the effects of pension reform in China, comparing various options for financing the transition cost. They examine the impact that various reform options would have on the system's sustainability, on overall economic growth, and on income distribution. The results are promising. The current pay-as-you-go system, with a notional individual account, remains unchanged in the first scenario examined. Simulations show this system to be unsustainable. Expanding coverage under this system would improve financial viability in the short run but weaken it in the long run. Other scenarios assume that the transition cost will be financed by various taxes and that a new, fully funded individual account will be established in 2001. The authors compare the impact of a corporate tax, a value-added tax, a personal income tax, and a consumption tax. They estimate the annual transition cost to be about 0.6 percent of GDP between 2000 and 2010, declining to 0.3 percent by 2050. Using a personal income tax to finance the transition cost would best promote economic growth and reduce income inequality. Levying a social security tax and injecting fiscal resources to finance the transition costs would help make the reformed public pillar sustainable. To finance a benefit of 20 percent of the average wage, a contribution rate of only 10 percent–12.5 percent would be enough to balance the basic pension pillar. Gradually increasing the retirement age would further reduce the contribution rate. This paper—a product of the Economic Policy and Poverty Reduction Division, World Bank Institute—was presented at the conference Developing through Globalization: China's Opportunities and Challenges in the New Century (Shanghai, China, July 5–7, 2000). The study was funded by the Bank's Research Support Budget under the research project "Efficiency and Distribution Effects of China's Social Security Reform" (RPO 683-52). The authors may be contacted at ywang2worldbank.org or zwang@ers.usda.gov
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  • 19
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Jack Public Policy toward Nongovernmental Organizations in Developing Countries
    Keywords: Bank ; Civil Society ; Debt Markets ; Economic Theory and Research ; Education ; Finance and Financial Sector Development ; Financial Literacy ; Governance ; Government ; Income ; Intervention ; Labor Policies ; Learning ; Macroeconomics and Economic Growth ; Microfinance ; NGO ; Organizations ; Outcomes ; Participation ; Policies ; Policy ; Poverty ; Poverty Alleviation ; Poverty Monitoring and Analysis ; Poverty Reduction ; Programs ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Social Protections and Labor ; Bank ; Civil Society ; Debt Markets ; Economic Theory and Research ; Education ; Finance and Financial Sector Development ; Financial Literacy ; Governance ; Government ; Income ; Intervention ; Labor Policies ; Learning ; Macroeconomics and Economic Growth ; Microfinance ; NGO ; Organizations ; Outcomes ; Participation ; Policies ; Policy ; Poverty ; Poverty Alleviation ; Poverty Monitoring and Analysis ; Poverty Reduction ; Programs ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Social Protections and Labor ; Bank ; Civil Society ; Debt Markets ; Economic Theory and Research ; Education ; Finance and Financial Sector Development ; Financial Literacy ; Governance ; Government ; Income ; Intervention ; Labor Policies ; Learning ; Macroeconomics and Economic Growth ; Microfinance ; NGO ; Organizations ; Outcomes ; Participation ; Policies ; Policy ; Poverty ; Poverty Alleviation ; Poverty Monitoring and Analysis ; Poverty Reduction ; Programs ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Social Protections and Labor
    Abstract: July 2001 - If a developing country government is not good at providing public services such as health care, education, and social protection, would NGOs be better at doing so? What advantages do NGOs have over for-profit providers of publicly funded services? And considering the importance of donor funding, which is better for delivering such services, an international NGO or a grassroots NGO? Jack presents two descriptive models of nongovernmental organizations and poses normative questions about public policy toward NGOs. In situations in which optimal government intervention in a distorted or inequitable economy employs an NGO-like body, he considers which kinds of NGO might be used. First, in many developing countries NGOs participate in the delivery of what are essentially private goods—in particular, health care and education. In an economy without NGOs, there may be good redistributive and efficiency reasons for the government to provide these goods in kind. But if direct government provision of such services is ineffective or inefficient, when is contracting out to an NGO-like institution preferable to using a traditional for-profit firm? (Another way to frame this is to ask: What is the optimal taxation and regulation of private providers of publicly financed services?) NGOs also provide useful real and financial links with external donors. They are used to provide services the government favors and donors are willing to fund. In this model, the service provider is chosen to yield the best outcome for both government and donor. In this context, Jack compares an international NGO and a grassroots organization. It may be more efficient to transfer donor funds through an international NGO than through a local NGO, but when donor-government cooperation fails, a project implemented by an international NGO is effectively killed. If a project implemented by a local organization can limp along, this otherwise less efficient organization might be preferred. This paper—a product of Public Service Delivery, Development Research Group—is part of a larger effort in the group to understand the role of NGOs in delivering basic public services. The author may be contacted at wgjgeorgetown.edu
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  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (60 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Filmer, Deon The Structure of Social Disparities in Education
    Keywords: Access and Equity in Basic Education ; Adult Education ; Communities & Human Settlements ; Disability ; Education ; Education ; Education Variables ; Education for All ; Educational Attainment ; Educational Outcomes ; Effective Schools and Teachers ; Enrollment ; Enrollment Of Children ; Enrollment Of Girls ; Enrollment Rate ; Enrollment Rate Of Boys ; Enrollment Rate Of Children ; Enrollment Rate Of Girls ; Female Disadvantage In Enrollment ; Gender ; Gender and Development ; Gender and Health ; Gender and Law ; Groups ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Rights ; Indexes ; Law and Development ; Population Policies ; Primary Education ; Schooling ; Schools ; Social Protections and Labor ; Universal Primary Education ; Universal Primary Enrollment ; Access and Equity in Basic Education ; Adult Education ; Communities & Human Settlements ; Disability ; Education ; Education ; Education Variables ; Education for All ; Educational Attainment ; Educational Outcomes ; Effective Schools and Teachers ; Enrollment ; Enrollment Of Children ; Enrollment Of Girls ; Enrollment Rate ; Enrollment Rate Of Boys ; Enrollment Rate Of Children ; Enrollment Rate Of Girls ; Female Disadvantage In Enrollment ; Gender ; Gender and Development ; Gender and Health ; Gender and Law ; Groups ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Rights ; Indexes ; Law and Development ; Population Policies ; Primary Education ; Schooling ; Schools ; Social Protections and Labor ; Universal Primary Education ; Universal Primary Enrollment ; Access and Equity in Basic Education ; Adult Education ; Communities & Human Settlements ; Disability ; Education ; Education ; Education Variables ; Education for All ; Educational Attainment ; Educational Outcomes ; Effective Schools and Teachers ; Enrollment ; Enrollment Of Children ; Enrollment Of Girls ; Enrollment Rate ; Enrollment Rate Of Boys ; Enrollment Rate Of Children ; Enrollment Rate Of Girls ; Female Disadvantage In Enrollment ; Gender ; Gender and Development ; Gender and Health ; Gender and Law ; Groups ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Rights ; Indexes ; Law and Development ; Population Policies ; Primary Education ; Schooling ; Schools ; Social Protections and Labor ; Universal Primary Education ; Universal Primary Enrollment
    Abstract: January 2000 - Wealth gaps in educational outcomes are large in many developing countries. And gender gaps, though absent in many societies, are large in some, particularly in South Asia and North, Western, and Central Africa. In some countries with a female disadvantage, household wealth interacts with gender to create an especially large gender gap among the poor. Using internationally comparable household data sets (Demographic and Health Surveys), Filmer investigates how gender and wealth interact to generate within-country inequalities in educational enrollment and attainment. He carries out multivariate analysis to assess the partial relationship between educational outcomes and gender, wealth, household characteristics (including level of education of adults in the household), and community characteristics (including the presence of schools in the community). He finds that: · Women are at a great educational disadvantage in countries in South Asia and North, Western, and Central Africa. · Gender gaps are large in a subset of countries, but wealth gaps are large in almost all of the countries studied. Moreover, in some countries where there is a heavy female disadvantage in enrollment (Egypt, India, Morocco, Niger, and Pakistan), wealth interacts with gender to exacerbate the gap in educational outcomes. In India, for example, where there is a 2.5 percentage point difference between male and female enrollment for children from the richest households, the difference is 34 percentage points for children from the poorest households. · The education level of adults in the household has a significant impact on the enrollment of children in all the countries studied, even after controlling for wealth. The effect of the education level of adult females is larger than that of the education level of adult males in some, but not all, of the countries studied. · The presence of a primary and a secondary school in the community has a significant relationship with enrollment in some countries only (notably in Western and Central Africa). The relationship appears not to systematically differ by children's gender. This paper - a product of Poverty and Human Resources, Development Research Group - was prepared as background to, and with support from, a World Bank Policy Research Report on gender and development. Part of the study was funded by the Bank's Research Support Budget under the research project Educational Enrollment and Dropout (RPO 682-11). The author may be contacted at dfilmerworldbank.org
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (60 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Nenova, Tatiana Corporate Risk around the World
    Keywords: Accounting ; Asymmetric Information ; Bankruptcy ; Banks and Banking Reform ; Common Law ; Debt ; Debt Markets ; Debt Maturity ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Instability ; Financial Literacy ; Financial Markets ; Financial Risk ; Financial Risks ; Financial Sector Development ; Financial Structure ; Financial Systems ; Firm Performance ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Property ; Property Rights ; Social Protections and Labor ; Tax ; Taxes ; Valuation ; Accounting ; Asymmetric Information ; Bankruptcy ; Banks and Banking Reform ; Common Law ; Debt ; Debt Markets ; Debt Maturity ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Instability ; Financial Literacy ; Financial Markets ; Financial Risk ; Financial Risks ; Financial Sector Development ; Financial Structure ; Financial Systems ; Firm Performance ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Property ; Property Rights ; Social Protections and Labor ; Tax ; Taxes ; Valuation ; Accounting ; Asymmetric Information ; Bankruptcy ; Banks and Banking Reform ; Common Law ; Debt ; Debt Markets ; Debt Maturity ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Instability ; Financial Literacy ; Financial Markets ; Financial Risk ; Financial Risks ; Financial Sector Development ; Financial Structure ; Financial Systems ; Firm Performance ; Labor Policies ; Macroeconomics and Economic Growth ; Private Sector Development ; Property ; Property Rights ; Social Protections and Labor ; Tax ; Taxes ; Valuation
    Abstract: January 2000 - Corporate financing patterns around the world reflect countries' institutional environments. Weaknesses in the corporate sector have increasingly been cited as important factors in financial crises in both emerging markets and industrial countries. Analysts have pointed to weak corporate performance and risky financing patterns as major causes of the East Asian financial crisis. And some have argued that company balance sheet problems may also have played a role, independent of macroeconomic or other weaknesses, including poor corporate sector performance. But little is known about the empirical importance of firm financing choices in predicting and explaining financial instability. Firm financing patterns have long been studied by the corporate finance literature. Financing patterns have traditionally been analyzed in the Modigliani-Miller framework, expanded to incorporate taxes and bankruptcy costs. More recently, asymmetric information issues have drawn attention to agency costs and their impact on firm financing choices. There is also an important literature relating financing patterns to firm performance and governance. Several recent studies have focused on identifying systematic cross-country differences in firm financing patterns - and the effects of these differences on financial sector development and economic growth. They have also examined the causes of different financing patterns, particularly countries' legal and institutional environments. The literature has devoted little attention to corporate sector risk characteristics, however, aside from leverage and debt maturity considerations. Even these measures have been the subject of few empirical investigations, mainly because of a paucity of data on corporate sectors around the world. Building on data that have recently become available, Claessens, Djankov, and Nenova try to fill this gap in the literature and shed light on the risk characteristics of corporate sectors around the world. They investigate how corporate sectors' financial and operating structures relate to the institutional environment in which they operate, using data for more than 11,000 firms in 46 countries. They show that: · The origins of a country's laws, the strength of its equity and creditor rights, and the nature of its financial system can account for the degree of corporate risk-taking. · In particular, corporations in common law countries and market-based financial systems have less risky financing patterns. · Stronger protection of equity and creditor rights is also associated with less financial risk. This paper - a product of the Financial Sector Strategy and Policy Group, Financial Sector Vice Presidency - is part of a larger effort in the Bank to study the determinants of the riskiness of countries' corporate and financial systems
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  • 22
    Language: English
    Pages: Online-Ressource (1 online resource (52 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Harrison, E. Ann Ownership versus Environment
    Keywords: Budget ; Capital ; Competition ; Corporation ; Cost ; Debt Markets ; Demand ; Economic Theory and Research ; Efficiency ; Elasticity ; Finance and Financial Sector Development ; Financial Literacy ; Incentive ; Investment and Investment Climate ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Market ; Microfinance ; Political Economy ; Private Hands ; Private Sector ; Production ; Productivity ; Prof Public Sector ; Public Sector Economics and Finance ; Public Sector Management and Reform ; Republic ; Social Protections and Labor ; State ; State Owned Enterprise Reform ; Utility ; Budget ; Capital ; Competition ; Corporation ; Cost ; Debt Markets ; Demand ; Economic Theory and Research ; Efficiency ; Elasticity ; Finance and Financial Sector Development ; Financial Literacy ; Incentive ; Investment and Investment Climate ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Market ; Microfinance ; Political Economy ; Private Hands ; Private Sector ; Production ; Productivity ; Prof Public Sector ; Public Sector Economics and Finance ; Public Sector Management and Reform ; Republic ; Social Protections and Labor ; State ; State Owned Enterprise Reform ; Utility ; Budget ; Capital ; Competition ; Corporation ; Cost ; Debt Markets ; Demand ; Economic Theory and Research ; Efficiency ; Elasticity ; Finance and Financial Sector Development ; Financial Literacy ; Incentive ; Investment and Investment Climate ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Market ; Microfinance ; Political Economy ; Private Hands ; Private Sector ; Production ; Productivity ; Prof Public Sector ; Public Sector Economics and Finance ; Public Sector Management and Reform ; Republic ; Social Protections and Labor ; State ; State Owned Enterprise Reform ; Utility
    Abstract: January 2000 - Is public sector inefficiency due primarily to agency-type problems (ownership) or to the environment in which public enterprises operate (as measured by soft budget constraints or barriers to competition)? Both. Bartel and Harrison compare the performance of public and private sector manufacturing firms in Indonesia for 1981-95. They analyze whether public sector inefficiency is due primarily to agency-type problems (ownership) or to the business environment in which public enterprises operate, as measured by soft budget constraints or barriers to competition. They nest the two alternatives in a production function framework. The results, obtained from fixed-effects specifications, provide support for both models. The business environment matters. Only public enterprises that received loans from state banks or those shielded from import competition performed worse than private enterprises. Ownership matters. For a given level of import competition or soft loans, public enterprises perform worse than their counterparts in the private sector. Eliminating soft loans to Indonesia's public enterprises would raise total factor productivity by 6 percentage points; the same result could be achieved by increasing import penetration by 15 percentage points. Bartel and Harrison show that these findings are not due to selection effects for either privatization or the receipt of soft loans. This paper - a product of Poverty and Human Resources, Development Research Group - was part of a study funded by the Bank's Research Support Budget under the research project The Impact of Labor Market Policies and Institutions on Economic Performance (RPO 680-96). Ann Harrison may be contacted at aharrisoresearch.gsb.columbia.edu
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  • 23
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Deininger, Klaus Why Liberalization Alone Has Not Improved Agricultural Productivity in Zambia
    Keywords: Cred Demand ; Economic Theory and Research ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policies ; GDP ; Goods ; Inputs ; Labor Policies ; Macro-Economic Policies ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Overvalued Exchange Rates ; Ownership ; Prices ; Production ; Production Function ; Productive Assets ; Productivity ; Risk Aversion ; Social Protections and Labor ; Subsidies ; Total Factor Productivity ; Welfare ; Cred Demand ; Economic Theory and Research ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policies ; GDP ; Goods ; Inputs ; Labor Policies ; Macro-Economic Policies ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Overvalued Exchange Rates ; Ownership ; Prices ; Production ; Production Function ; Productive Assets ; Productivity ; Risk Aversion ; Social Protections and Labor ; Subsidies ; Total Factor Productivity ; Welfare ; Cred Demand ; Economic Theory and Research ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policies ; GDP ; Goods ; Inputs ; Labor Policies ; Macro-Economic Policies ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Overvalued Exchange Rates ; Ownership ; Prices ; Production ; Production Function ; Productive Assets ; Productivity ; Risk Aversion ; Social Protections and Labor ; Subsidies ; Total Factor Productivity ; Welfare
    Abstract: March 2000 - Policies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services) could greatly help reduce poverty and improve productivity in Zambia. Deininger and Olinto use a large panel data set from Zambia to examine factors that could explain the relatively lackluster performance of the country's agricultural sector after liberalization. Zambia's liberalization significantly opened the economy but failed to alter the structure of production or help realize efficiency gains. They reach two main conclusions. First, not owning productive assets (in Zambia, draft animals and implements) limits improvements in agricultural productivity and household welfare. Owning oxen increases income directly, allows farmers to till their fields efficiently when rain is delayed, increases the area cultivated, and improves access to credit and fertilizer markets. Second, the authors reject the hypothesis that the application of fertilizer is unprofitable because of high input prices. Rather, fertilizer use appears to have declined because of constraints on supplies, which government intervention exacerbated instead of alleviating. (Extending the use of fertilizer to the many producers not currently using it would be profitable, but increasing the amount applied by the few producers who now have access to it would not be.) Policies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services) could greatly help reduce poverty and improve productivity. This paper - a product of Rural Development, Development Research Group - is part of a larger effort in the group to analyze determinants of rural growth and market participation. The authors may be contacted at kdeiningerworldbank.org or polinto@worldbank.org
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Azam, Jean-Paul Rent-Sharing, Hold-Up, and Manufacturing Wages in Côte d'Ivoire
    Keywords: Bargaining ; Bargaining Power ; Competitive Model ; Contracts ; Economic Theory and Research ; Effects ; Efficiency ; Finance and Financial Sector Development ; Financial Literacy ; High Wages ; Human Capital ; Income ; Labor ; Labor Costs ; Labor Market ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Prices ; Social Protections and Labor ; Bargaining ; Bargaining Power ; Competitive Model ; Contracts ; Economic Theory and Research ; Effects ; Efficiency ; Finance and Financial Sector Development ; Financial Literacy ; High Wages ; Human Capital ; Income ; Labor ; Labor Costs ; Labor Market ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Prices ; Social Protections and Labor ; Bargaining ; Bargaining Power ; Competitive Model ; Contracts ; Economic Theory and Research ; Effects ; Efficiency ; Finance and Financial Sector Development ; Financial Literacy ; High Wages ; Human Capital ; Income ; Labor ; Labor Costs ; Labor Market ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Prices ; Social Protections and Labor
    Abstract: May 2001 - Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Workers appear to have some bargaining power and, in Côte d'Ivoire, can force renegotiation of labor contracts in response to new investments. Labor costs in Francophone Africa are considered high by the standards of low-income countries, at least in the formal sector. Are they a brake on industrialization or the result of successful enterprise development? Are they imposed on firms by powerful unions or government regulations, or a by-product of good firm performance? Azam and Ris empirically analyze what determines manufacturing wages in Côte d'Ivoire, using an unbalanced panel of individual wages that allows them to control for observable firm-specific effects. They test the rent-sharing and hold-up theories of wage determination, as well as some aspects of efficiency-wage theories. Their results lean in favor of both rent-sharing and hold-up, suggesting that workers have some bargaining power and that in Côte d'Ivoire workers can force renegotiation of labor contracts in response to new investments. This paper—a product of Public Services for Human Development, Development Research Group—is part of a larger effort in the group to understand the impact of labor market policies and institutions on economic performance. The study was funded by the Bank's Research Support Budget under the research project "The Impact of Labor Market Policies and Institutions on Economic Performance" (RPO 680-96). Jean-Paul Azam may be contacted at azamuniv-tlsel.fr
    URL: Volltext  (Deutschlandweit zugänglich)
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