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ResearchPaper
2017
Inequality and guard labor, or prohibition and guard labor?
Inequality and guard labor, or prohibition and guard labor?
Abstract (English)
In this paper, we consider whether or not inequality forces society to expend more resources on supervision which imposes an extra cost to doing business. Some argue that since inequality deteriorates social capital, there is a greater need for supervisory labor which is a costly burden to bear. We propose an alternative (but not mutually exclusive) explanation. We argue that the war on drugs leads to institutional decay and lower levels of trust which, in turn, force private actors to deploy resources to supervise workers and protect themselves. Our explanation complements the argument regarding the link between inequality and guard labor.
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Notes
Publication license
Publication series
Hohenheim discussion papers in business, economics and social sciences; 2017,06
Published in
Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Free keywords
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Kufenko2017,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6127},
author = {Kufenko, Vadim and Geloso, Vincent},
title = {Inequality and guard labor, or prohibition and guard labor?},
year = {2017},
school = {Universität Hohenheim},
series = {Hohenheim discussion papers in business, economics and social sciences},
}