Occupational choice in developing countries: Self employment versus wage employment a conceptual framework
By: Banerjee, Tanima
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Material type: 
BookPublisher: Artha Vijanan Description: 63(4), Dec, 2021: p.333-359.
In:
Artha VijananSummary: In existing theories, richer people get higher loans, become entrepreneurs and earn high, people at the middle of wealth distribution choose self-employment, and people who join wage employment have the least income. However, in developing nations, regular wage employment offers higher income than self-employment, and to justify these findings, a partial equilibrium model is developed. Given lack of collateral, occupational choices are based on human capital possession and capital availability. In this model, in a skill-based dual sector economy, self-employment generates lower income than regular wage employment with discriminatory tastes of employers having an influence on occupational choices as well.- Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
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Indian Institute of Public Administration | 63(4), Dec, 2021: p.333-359 | Available | AR126634 |
In existing theories, richer people get higher loans, become entrepreneurs and earn high, people at the middle of wealth distribution choose self-employment, and people who join wage employment have the least income. However, in developing nations, regular wage employment offers higher income than self-employment, and to justify these findings, a partial equilibrium model is developed. Given lack of collateral, occupational choices are based on human capital possession and capital availability. In this model, in a skill-based dual sector economy, self-employment generates lower income than regular wage employment with discriminatory tastes of employers having an influence on occupational choices as well.- Reproduced
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