Occupational Choice and the Process of Development

Banerjee, Abhijit; Newman, Andrew F.

doi:10.1086/261876

Cited by 2,291 publications

(1,667 citation statements)

References 28 publications

Supporting

Mentioning

1,561

Contrasting

Unclassified

Order By: Relevance

“…A second contribution of the paper is to tease out some of the pathways. Our findings relate to an older literature which views structural change as key driver of economic development and poverty reduction (see Lewis, 1954;Kaldor, 1967;Banerjee and Newman, 1993). It is well documented that returns from non-primary sector activities typically exceed those from agriculture.…”

Section: Discussionsupporting

confidence: 76%

“…7 Deposit taking is relatively straightforward, with the interest rate and other terms and conditions laid down by the Indian central bank. In the area of lending, bank branch officials enjoy discretion in choosing borrowers, subject to satisfying directed lending targets for the so-called 'priority' sectors of agriculture, entrepreneurs and small scale industry.…”

Section: Datamentioning

confidence: 99%

See 1 more Smart Citation

Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment

Burgess

Pande

2005

American Economic Review

1,054

625

View full text Add to dashboard Cite

Lack of access to finance is often cited as a key reason for why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank can open a branch in a location with one or more bank branches only if it opens four locations with no bank branches. We show that, between 1977 and 1990, this rule caused banks to open relatively more rural branches in Indian states with lower initial financial development. The reverse was true outside this period. We exploit this fact to identify the impact of opening a rural bank on poverty and output. Our estimates suggest that the Indian rural branch expansion program significantly lowered rural poverty, and increased non-agricultural output.

show abstract

Section: Discussionsupporting

confidence: 76%

Section: Datamentioning

confidence: 99%

Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment

Burgess

Pande

2005

American Economic Review

1,054

625

View full text Add to dashboard Cite

show abstract

“…• Income: A country's level of development affects individuals' occupational decisions because it affects the demand and supply of labor (Banerjee et al 1993a). Since wealth has an impact on one's decision to become an entrepreneur, the distribution of wealth has an impact on entrepreneurship.…”

Section: Economic Factorsmentioning

confidence: 99%

“…Since wealth has an impact on one's decision to become an entrepreneur, the distribution of wealth has an impact on entrepreneurship. According to Banerjee and Newman (Banerjee et al 1993a), in countries that have high income inequality, "[t]he process of development runs out of steam," leading to little employment and low wages. The opposite is also true-when income inequality is low, the economy will grow, leading to high wages and a high employment rate (Banerjee et al 1993b).…”

Section: Economic Factorsmentioning

confidence: 99%

The Formation of New Firms: An Ordered Probit Model Approach for Latin American and Caribbean Countries

Vélez

Robledo

2014

SSRN Journal

View full text Add to dashboard Cite

The purpose of this paper is to identify the factors that affect the creation of new firms in Latin American countries. We take into consideration economic, political, social and technological factors which should also help governments realize the areas that we found to have the greatest impact. The study relies on data from international organizations from which we construct an Ordered Probit model. The results indicate that credit and government effectiveness enhance the probability of generating new business but it depended of business density.

show abstract

“…1 Other theories using the capital-market imperfection approach include those of Banerjee and Newman (1993), Aghion and Bolton (1997), Moav (2002), Mookherjee and Ray (2003), and Galor and Moav (2004). skill acquisition is advantageous, households in various income classes adjust the number of children they raise in order to ensure that the children can attain certain education levels. This fertility adjustment moderates the link between income inequality and skill di¤erentials.…”

Section: Introductionmentioning

confidence: 99%

Income Distribution and Macroeconomics Revisited: The Role of Fertility Adjustment

Nakagawa

Sugimoto

2009

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract This paper develops a theory in which households prepare for future education by adjusting the number of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth. Terms of use: Documents in EconStor may

show abstract

Occupational Choice and the Process of Development

Cited by 2,291 publications

References 28 publications

Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment

Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment

The Formation of New Firms: An Ordered Probit Model Approach for Latin American and Caribbean Countries

Income Distribution and Macroeconomics Revisited: The Role of Fertility Adjustment

Contact Info

Product

Resources

About