Household Production, Time Allocation, and Welfare in Peru, Issue 503Simulation exercises suggest that it is difficult to reduce inequalities in per capita consumption by changing wage and education policies. |
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20 percent increase A-coefficient A-inequality Agricultural self-employment annual hours assumed capita consumption capita household consumption consumption among households corner solutions Decile distribution of consumption distribution of hours distribution of household distribution Simulated distribution economic inequality entrepreneurial income feasible positions female participation female wages Gini coefficient Households net entrepreneurial impact income effect increased by 20 individual Inequality in Distributions intis labor market Lima Other urban Lorenz curve lower limit M-curve male wages males and females mean hours mean level mean wage measure of inequality Nonagricultural self-employment Observed and simulated Observed distribution Simulated opportunity density opportunity probabilities overall inequality parameters participation and mean participation rates Peru Lima positive profit profit from self-employment scale invariance schooling as lower self-employment positions self-employment sector SPLYRSC2 Standard deviations Table total hours urban areas utility function variable wage changes wage earnings wage rates increased wage sector increase Welfare in Peru World Bank