Mobarak, Ahmed Mushfiq; Rosenzweig, Mark - C.E.P.R. Discussion Papers - 2014
We estimate the general-equilibrium labor market effects of a large-scale randomized intervention in which we designed … cultivators and to agricultural wage laborers allows us to test a general-equilibrium model of wage determination in settings … laborers worse off relative to a situation where insurance does not exist at all. The general-equilibrium analysis reveals that …