Series: IMF Working Papers
Author(s): Alex Mourmouras , and Peter Rangazas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2007
Keywords: economic development, schooling, fertility, rural-urban wage gaps, structural transformation, calibrated dynamic general equilibrium models, farm, wage, farming, worker
During the course of development, wages and labor productivity are much higher in the nonfarm sectors of the economy than in agriculture. In this paper, we examine the sources and consequences of wage and productiv...