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Douglas B. Reynolds
Arthur Lewis (1954) classic article on duel labor markets suggests that subsistence labor, due to high fertility and overpopulation, causes low wages. Basu (1999) and Dessy (2000) show a compelling theory for high fertility in developing countries ...
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Paul Anderson,Fatima Fiandeiro,Keshav Choudhary
AbstractThe creation of ?buying power? through joint purchasing agreements is often seen as positive, with direct benefits for consumers in the form of lower prices. Even where joint purchasing agreements lead to the creation of a monopsonist, economic t...
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Noel D. Johnson
The Company of General Farms, a quasi-private collector of about half the French taxes in the eighteenth century, was one of the largest lenders to the Crown. The relationship between the Crown and General Farms fits the model of sovereign debt as a cont...
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Andrew Seltzer
This paper uses evidence compiled by the Bureau of Labor Statistics and the Tobacco Industry Committee to examine the impact of the initial implementation of the Fair Labor Standards Act. It is shown that the minimum wage was heavily binding, but employm...
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