Justin Sandefur
@justsand.bsky.social
Development economist, worrying about economic growth these days. https://www.openphilanthropy.org/about/team/justin-sandefur/
Economics
45%
Education
17%
"An approximate cost-benefit calculation suggests firm owners have earned a cumulative return of 900 percent or more on the cost of this
training over seven years... without the need for asset or cash transfers"
openknowledge.worldbank.org/server/api/...
training over seven years... without the need for asset or cash transfers"
openknowledge.worldbank.org/server/api/...
It feels weird to me for the World Bank to focus on psychological training to make Togolese people better entrepreneurs but... it does seem to work.
New in the AER:
New in the AER:
I'm constantly confused by people who see a higher poverty line as a progressive goal, as opposed to shifting focus away from the 40% of the world living on <1/10th of that amount.
$100k (PPP) for a family of 4
= 99.99th percentile in India
= 99th percentile in China
= 93rd percentile in the world
$100k (PPP) for a family of 4
= 99.99th percentile in India
= 99th percentile in China
= 93rd percentile in the world
ouch, good catch
Ungated link: www.dropbox.com/scl/fi/w5sm...
Reposted by Caroline Krafft
Why aren't there more big, labor-intensive firms in poor countries?
Answer here: bigger firms use more white-color workers who are in shorter supply in poorer countries.
Answer here: bigger firms use more white-color workers who are in shorter supply in poorer countries.