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The returns to endogenous human capital in Pakistan's rural wage labour market

Article Abstract:

A sample of working men in rural areas in Pakistan is used to analyze the effect of investment in human capital on wage rates. Such factors as cognitive attainment brought about by education, labor force experience and health are considered in a model that incorporates these as endogenous variables. Results show that existing labor force models for the rural market remain valid even in a situation where there is a scarcity of labor resources and that cognitive achievement, and not school attainment, is a principal determinant of wages.

Research, Compensation and benefits, Education, Labor market, Wages, Wages and salaries, Rural population

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Sources of income inequality in rural Pakistan: a decomposition analysis

Article Abstract:

Sources of income inequality in rural Pakistan is studied using a three-year panel data of 727 households. In agricultural income, the extent to which unequal landownership plays a part in income inequality is also studied. Results indicate that agricultural income contributes the most to equalizing income, while livestock income contributes the least. It also shows that with unaggregated data, returns to labor and crop profit is a greater source of income inequality than unequal landownership.

Analysis, Agriculture, Agricultural economics, Income distribution

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Intercommodity price transmittal: analysis of food markets in Ghana

Article Abstract:

The full transmittal of available information across a single spatial market is investigated using the principal maize markets in Ghana. The Ravallion model of market integration reveals that government cash grants and food for work in areas of high production variability will eliminate the need for supplementing the grain market. The inefficiency observed in the market's price transmittal system may be due to the lack of trader homegeneity.

Models, Ghana, Efficient market theory

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