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The Quality Of Jobs Created By Entrepreneurs, Adam Seth Litwin, Philip Phan
The Quality Of Jobs Created By Entrepreneurs, Adam Seth Litwin, Philip Phan
Adam Seth Litwin
Few dare to challenge the conventional wisdom that small business is the engine of job creation. Indeed, in the United States, the image of the small business owner left largely unfettered to create novel products and services sits on the same cultural plane as baseball and apple pie, and one would be hard-pressed to find a policymaker who would openly question the wisdom that most new jobs arise either directly or indirectly from these small businesses. This near religious belief in the small business owner as job creator yields a steady stream of policies offering tax relief to small businesses, …
A Welfare Economic Analysis Of Labor Market Policies In The Harris-Todaro Model, Gary S. Fields
A Welfare Economic Analysis Of Labor Market Policies In The Harris-Todaro Model, Gary S. Fields
Gary S Fields
This paper presents a welfare economic analysis of the benefits of various labor market policies in the Harris-Todaro labor market model. The policies considered are a policy of modern sector job creation, which I call modern sector enlargement (MSENL); a policy of rural development, which I call traditional sector enrichment (TSENR); and a policy of wage limitation in the urban economy, which I call modern sector wage restraint (MSWR). First, I analyze the inequality effects of these policies. I then perform two welfare economic analyses, the first based on summary measures of labor market conditions (total labor earnings, unemployment, inequality …