Democratization, Elite Capture and Economic Development Andrew D. Foster and Mark R. Rosenzweig Abstract We show using a theoretical framework that embeds a voting model in a general-equilibrium model of a rural economy with two interest groups defined by land ownership that the effects of democratization – a shift from control of public resources […]
BREAD Working Paper No. 580, June 2020
Start What You Finish! Ex ante risk and schooling investments in the presence of dynamic complementarities Andrew D. Foster, Esther Gehrke Abstract We study the relationship between risk and schooling investment in a low income setting, with a particular focus on possible ex ante effects. We first present a model that shows that such effects […]