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dc.contributor.authorGerardo Jacobsen_US
dc.description.abstractMost 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.en_US
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics |x15en_US
dc.subject.keywordOccupational Choiceen_US
dc.subject.keywordHuman Capitalen_US
dc.subject.keywordEconomic Developmenten_US
dc.subject.keywordGeneral Equilibriumen_US
dc.titleAn Occupational Choice Model for Developing Countriesen_US
dc.typeConference Paperen_US

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