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Housing Market and Labor Mobility

Reports & Research
Policy Papers & Briefs
сентября, 2011
Ukraine
Europe
Central Asia

Labor mobility is determined by a whole set of different factors, but housing market is clearly one of the most important ones. Individuals do not make employment decisions without taking into account options of housing market. Economy constantly changes and diverse opportunities arise in different locations at different points of time. Badly functioning housing market can cause low labor mobility and restrain the ability of employers to match vacancies in specific locations. The issue of labor mobility is especially vital for developing countries.

Rural Development and Land Reform General Amendment Act, 2011

Legislation & Policies
мая, 2011
South Africa

To amend various laws under the administration of the Minister of Rural Development and Land Reform, so as to substitute certain obsolete definitions to ensure legal certainty; to effect certain consequential amendments in this regard; and to provide for matters connected therewith. BE IT ENACTED by the Parliament of the Republic of South Africa

Public Land Governance in Solomon Islands

Reports & Research
Policy Papers & Briefs
февраля, 2011
Solomon Islands
Eastern Asia
Oceania

In countries where a large proportion of the total land area is held customarily, reform questions around land and development often tend to focus on the customary estate. Evidence from Solomon Islands suggests that a focus on public land holdings, even when they are relatively small in land area, can yield outsized benefits. Publicly owned land regularly includes economically valuable land and urban land on which development pressure is high. In Solomon Islands, as much as 10 percent of Gross Domestic Product (GDP) may be affected by how effectively urban public land is governed.

Role of Risk and Transaction Costs in Contract Design: Evidence from Farmland Lease Contracts in U.S. Agriculture

Journal Articles & Books
декабря, 2009

The objective of this article is to provide new empirical evidence on landlord-tenant choices of share versus cash-rent contracts in U.S. agriculture. The focus is on the contribution of explanatory variables that represent transaction costs, risk-sharing incentives, or both. An empirical model of contract choice is tested against the 1999 Agricultural Economics and Land Ownership Survey (AELOS) and finds mixed evidence for low transaction cost and risk-sharing-incentive motives for landlord-tenant choices of a share versus cash-rent contract.

Land rental, off-farm employment and technical efficiency of farm households in Jiangxi Province, China

Journal Articles & Books
декабря, 2008
Ethiopia
China

Land rental market development and off-farm employment have important implications for agricultural production. This study examined the effects of land rental market participation, the resulting land tenure contracts, and off-farm employment on the technical efficiency in rice production in rural China, using the one-step stochastic frontier approach. Data from a survey held at household and plot level in three villages in north-east Jiangxi Province were used to estimate the stochastic frontier model.

Land lease contracts: properties and the value of bundles of property rights

Journal Articles & Books
декабря, 2008

Contracts are mechanisms for carrying out transactions. Leasing land is a voluntary transaction in which property rights - such as user and income rights - are transferred from landowners to tenants. The bundle of property rights transferred within a lease transaction varies with the type of contractual arrangement. Analysis shows that for the landowner the value of the bundle of property rights to land is determined by the type of lease contract. Landowners prefer lease contracts with as little regulation as possible.

Assessing the Functioning of Land Rental Markets in Ethiopia

Reports & Research
Policy Papers & Briefs
декабря, 2007
Ethiopia
Africa

Although a large theoretical literature discusses the possible inefficiency of sharecropping contracts, the empirical evidence on this phenomenon has been ambiguous at best. Household-level fixed-effect estimates from about 8,500 plots operated by households that own and sharecrop land in the Ethiopian highlands provide support for the hypothesis of Marshallian inefficiency. At the same time, a factor adjustment model suggests that the extent to which rental markets allow households to attain their desired operational holding size is extremely limited.

Tenure Arrangements and Support for Land Rights in South Africa’s Land Reform

Reports & Research
октября, 2007
South Africa
Africa

Contains introduction – the challenge of tenure reform in South Africa; tenure issues in resettlement: redistribution and restitution; tenure security of farm dwellers – securing long-term tenure under ESTA, labour tenants, ways forward; conclusion and recommendations on resettlement and farm dwellers.

Efficiency and Equity Impacts of Rural Land Rental Restrictions : Evidence from India

Reports & Research
Policy Papers & Briefs
августа, 2007
India
Southern Asia

Recognition of the potentially deleterious implications of inequality in opportunity originating in a skewed asset distribution has spawned considerable interest in land reforms. However, little attention has been devoted to fact that, in the longer term, the measures used to implement land reforms could negatively affect productivity. Use of state level data on rental restrictions, together with a nationally representative survey from India, suggests that, contrary to original intentions, rental restrictions negatively affect productivity and equity.

Determinants and Consequences of Land Sales Market Participation : Panel Evidence from India

Reports & Research
Policy Papers & Briefs
августа, 2007
India
Southern Asia

Although opinions on impacts of land market transfers are sharply divided, few studies explore the welfare and productivity effects of land markets on a larger scale. This paper uses a large Indian panel spanning almost 20 years, together with a climatic shock (rainfall) indicator, to assess the productivity and equity effects of market-mediated land transfers (sale and purchase) compared with non-market ones (inheritance). The analysis shows that frequent shocks increase land market activity, an effect that is mitigated by the presence of safety nets and banks.

Urban Land and Housing Markets in the Punjab, Pakistan

Reports & Research
Training Resources & Tools
июня, 2006
Pakistan
Southern Asia

This note provides a short overview of urban land and housing market performance in Punjab Province of Pakistan. It describes the characteristics of well-functioning urban land and housing markets and argues that, at present, the Punjab's urban land and housing markets are not performing well. The paper identifies a range of structural and institutional shortcomings that impede urban land market performance, and then concludes by offering recommendations for making land and housing markets functions better.