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Why occupational rents rather than occupational remuneration?
Occupational rents changed against industrial labour and deflationary tendencies emerged.
As the economic structure changed, so did occupational rents and political power.
The paper argues that occupational rents become an important source of de facto political power, and this in turn is used to reinforce the economic structure to preserve the distribution of occupational rents.
The latter is used to enforce economic institutions that support the production structure and by extension, occupational rents.
Consequently, occupational rents serve as a source of de facto political power that one can potentially transform into de jure political power.
Similar(48)
A recent study by Jon Bakija, Adam Cole, and Bradley Heim showed that the occupational concentration of the wealthy in rent-suffused sectors is even more dramatic in the top 0.1%." "In specific occupations, such as doctors, dentists and lawyers, government regulations require licensing, which limit entry to the profession, driving up income for the professional, and costs for the consumer.
In his report, Hartley writes that gentrification "is commonly associated with an increase in income, rising home prices or rents, and sometimes with changes in the occupational mix and educational level of neighborhood residents".
An individual with skill (q) will make occupational choices comparing the profits from working as a SEWE, the rents working as a SEWNE, and the salaries earned as an employee.
As seen, Mean log rent has a statistically insignificant effect on the occupational education measure and controlling for the cost of living has no meaningful effect on the main results in the fifth column.
For the categorical variables, we matched the session-specific data (e.g. rented vs. owned home, cooking stove, pregnant and working status, and occupational exposure) to PB-PAH exposures by subject and session of measurement.
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