Showing papers by "Robert E. Lucas published in 2015"
TL;DR: The authors showed that regulatory changes that occurred in the banking sector in the early 1980s, that considerably weakened Regulation Q, can explain the apparent instability of money demand starting in the same period.
133 citations
Book•
26 Feb 2015
TL;DR: In this article, the authors present a survey of migration and economic development in developing countries, including the case of New Zealand's RSE Program and the migration-trade link in developing economies.
Abstract: Contents: 1. Migration and Economic Development: An Introduction and Synopsis Robert E.B. Lucas 2. Informing Migration Policies: A Data Primer Calogero Carletto, Jennica Larrison and Caglar OEzden 3. The Economic History of Migration: The Pre-World War One United States as Lens Robert A. Margo 4. International Migration, Trade and Aid: A Survey Christopher R. Parsons and L. Alan Winters 5. The Discourse and Practice of Co-development in Europe Flore Gubert 6. Does Development Reduce Migration? Michael A. Clemens 7. Development through Seasonal Worker Programs: The Case of New Zealand's RSE Program. John Gibson and David McKenzie 8. Southern Hub: The Globalization of Migration to South Africa Jonathan Crush 9. Emigration and Wages in Source Countries: A Survey of the Empirical Literature Prachi Mishra 10. Migration, Technology Diffusion and Institutional Development at the Origin Olena Ivus and Alireza Naghavi 11. The Migration-Trade Link in Developing Economies: A Summary and Extension of Evidence Robert E.B. Lucas 12. Return Migration and Economic Development Jackline Wahba 13. Growth in Forced Displacement: Cross-Country, Sub-National and Household Evidence on Potential Determinants Ana Maria Ibanez 14. Economic Consequences of Conflict and Environmental Displacement Florence Kondylis and Valerie Mueller 15. Development, Immigration and Terrorism Pinar Derin-Gure Index
75 citations
TL;DR: In this article, a general equilibrium model is presented wherein wage labor requires monitoring in order to extract effort, and landlords may also elect to adopt sharetenancy contracts in which workers have an incentive to supply unsupervised effort.
Abstract: A general equilibrium model is presented wherein wage labor requires monitoring in order to extract effort. Landlords may also elect to adopt sharetenancy contracts in which workers have an incentive to supply unsupervised effort. Two "distortions" exist: monitoring costs in one sector and a share "tax" in the other. Efficiency statements require second-best comparisons adopting more specific functional forms. This mixed wage-sharetenancy economy is technically efficient and provides greater Benthamite social welfare than a wage-only economy, when private incentives lead to mixing. The incidence of sharetenancy is hypothesized to increase with monitoring costs, density of tenants per landlord, and labor intensity of production.
57 citations
01 Jan 2015
TL;DR: In this paper, the most recent data available on each aspect are summarized and fresh results, based on these data, are presented on several topics, including topics particularly pertinent to the African context.
Abstract: Factors shaping international migration, over the last half century, from and into the countries and territories of sub-Saharan and North Africa, as well as the economic and some social implications of those movements, are examined. Existing analyses of these issues are critically reviewed, including topics particularly pertinent to the African context and evidence on cross-cutting themes studied in the African context. The most recent data available on each aspect are summarized and fresh results, based on these data, are presented on several topics.
10 citations
Posted Content•
TL;DR: This paper showed that regulatory changes that occurred in the banking sector in the early eighties, which considerably weakened Regulation Q, can explain the apparent instability of money demand during the same period.
Abstract: We show that regulatory changes that occurred in the banking sector in the early eighties, which considerably weakened Regulation Q, can explain the apparent instability of money demand during the same period. We evaluate the effects of the regulatory changes using a model that goes beyond aggregates as M1 and treats currency and different deposit types as alternative means of payments. We use the model to construct a new monetary aggregate that performs remarkably well for the entire period 1915-2012.
1 citations