Non-farm Income and Employment in Rural Honduras: Assessing the Role of Locational Factors

This article emphasises the role of locational factors in the determination of rural non-farm (RNF) employment possibilities in rural Honduras. It finds that while RNF wage jobs are predominantly located close to urban areas, RNF self-employment jobs are geographically dispersed around the country, depending on local motors such as a profitable agricultural activity, an important road, or a tourist attraction. In all, the importance of RNF income for rural households (31.3 per cent of total income) suggests that the RNF sector should be considered when designing policies to improve the capabilities and livelihood of the rural Honduran.     

BRICS MEANS BUSINE

In Africa they say it is a positive sign if it rains at the start of an important event. That certainly seemed to hold true in South Africa’s premier eastern port city, where the Fifth BRICS Summit began with thunderous skies and unrelenting showers. As the flags of the five member     

El referéndum en latinoamérica: Un análisis desde el derecho comparado

This paper tells of the proliferation in recent decades, formulas referendums in Latin American constitutions. The comparative analysis of this mechanism to identify severalunique features in the treatment of this formula of direct democracy, which distinguish it from reflections from other disciplines. For now the simple regulation has meantaltering the form of state and government of various constitutional systems of our region.     

Just a Walk in the Park

One of the things that makes living in Beijing enjoyable is being able to walk through a public park on the way to work.The park in the northwestern part of the cityisasanctuaryforseniorcitizens,who pour down from the surrounding high-rise apartment blocks that characterize Beijing,to go through their time-honored morning rituals.At the park entrance are the"bird men."Most people who imagine life in China will no doubt have an image somewhere in their minds of elderly,vest-wearing men     

Internal dealing regulation and insiders’ trades in the Italian financial market

We analyze insiders’ trades in the Italian financial market. Insiders buy undervalued stocks, but they also act as positive feedback traders. They exploit short term market movements with abnormal returns around trades: they purchase (sell) stocks after a price decline (increase) and trades are followed by a partial reversal. They time the market mainly through purchases immediately communicated to the market and sales (and in part purchases) communicated quarterly to the market. It seems that insiders do not manipulate the market but strategically choose the size of trades, while they are interested to disclose immediately purchases of the assets of the company they prefer not to do it in case of sales. JEL Classification: G14, G15     

The electoral budget cycle on municipal police expenditure

This paper analyzes the effects of electoral cycles on municipal police expenditure. We use a database with information on Spanish municipalities with more than 20,000 inhabitants for the period 2001–2008. Our data show that incumbents increase police spending 1 year before the elections, thus we confirm an electoral budget cycle on police expenditure in Spain. We also find that conservative parties are associated with increased spending on public safety. Population has a positive and significant impact on police expenditures per capita, which indicates diseconomies of scale. The theory on sub-national government spending shows that intergovernmental transfers per capita and taxes per capita are believed to impact local expenditures. Our model fits this assumption, showing a significant and positive influence of both variables on police expenditures. Finally, our model reports a positive impact of both immigration and economic level on police spending.     

Marriage,work, and social reproduction in one area of southern Europe at the end of the 18th century: Lorca (1797)

In this article, the process of social reproduction has been analyzed in Lorca, a municipality in the western Mediterranean region of Murcia (Spain) at the end of the 18th century. An exhaustive subset of the data from the local Godoy's census (1797) was used consisting of 29,875 individuals living in a total of 7566 households. This population was distributed between the town, the Huerta (the Murcian irrigated market garden community), and the countryside. Results confirmed, on the one hand, that a direct relationship existed between higher social status and size of household, with a higher number of older children in the households of land-owning farmers than of tenant farmers or day workers. More children in higher status households indicate that children left home later, and therefore inheritance problems rose, which influenced social reproduction within these groups. Spatially, a clear division can be found between the countryside with more male work-hands and a higher index of male activity and the Huerta with a certain female dominance.     

Wage determination in Brazil: The growth of union bargaining power and informal employment

This article examines wage determination in Brazilian manufacturing during the 1980s and early 1990s. It presents evidence to show that the reduction in state regulation of collective bargaining has led to the development of a system of wage determination which is increasingly characterised by rent sharing and insider trade union bargaining power. Real wages appear increasingly inflexible with respect to movements in open unemployment, with a large informal sector disciplining formal sector wage bargaining and cushioning the impact of broader labour market conditions. An important consequence of this is that the employment costs of a successful counter‐inflationary strategy may be very severe.     

Structural reform,institutions and earnings: Evidence from the formal and informal sectors in urban Peru

Reforms undertaken in Peru in the early 1990s might have resulted in a slight reduction of the informal sector. Costs associated with becoming and staying informal, and benefits of becoming formal might have increased. This, when a legalistic definition of informality is used. Earnings differentials between formal and informal self‐employed workers are negligible although they persist between formal and informal salaried workers. Skilled workers are more likely to be found in the formal sector and informal wage earners tend to be younger and less skilled. The earnings generating process for both the formal and the informal self‐employed workers is similar.