@inproceedings{GerardoJacobs2007Occupational,
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 : at equilibrium, wage earners belong to the lower end of the income distribution. However, 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 this work, in contrast with previous efforts, 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, 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.},
author = {Gerardo Jacobs},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O12; J24; 330; Occupational Choice; Human Capital; Economic Development; General Equilibrium},
language = {eng},
number = {15},
series = {Proceedings of the German Development Economics Conference, G\"{o}ttingen 2007 / Verein f\"{u}r Socialpolitik, Research Committee Development Economics},
title = {An Occupational Choice Model for Developing Countries},
url = {http://hdl.handle.net/10419/19871},
year = {2007}
}
