SSE/EFI Working Paper Series in Economics and Finance
Mia Horn af Rantzien
Demopgraphic Resonse to Agricultural Reform - Long-run Effects on Consumption, Wages and Population Density
Abstract: Agricultural reform in a rural economy, comprising two
separable landholding classes is analyzed in an over-lapping generations
framework. "The poor" work the land and have children to provide for family
labor and old age support. "Landlords" only use hired labor and maximize
profits. It is shown that a land reform in favor of poor peasants increases
the market wage and life consumption among poor peasants, and decreases
population density in the new stationary state. The effects of a land-
augmenting green revolution depend on its distributional characteristics.
If directed towards landlords, such reform will decrease life consumption
in poor households, decrease the market wage and increase population
density in the new stationary state, while the effects are opposite if
directed towards poor households.
Keywords: Land reform; endogenous fertility; population old age security; farm size; (follow links to similar papers)
JEL-Codes: J13; O12; Q12; Q15; (follow links to similar papers)
27 pages, November 1994
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