Tag
10 cards
A 1 standard deviation increase in rainfall increases harvest labor demand by 3.3 days more for insured cultivators than uninsured cultivators (a 22% relative increase) [8]. A 10% increase in insured cultivators lowers drought wages by 33% at the 20th percentile of rainfall, but raises wages by 29% at the 80th percentile of rainfall [9].
A 1 standard deviation increase in rainfall per day increases harvest labor demand by 3.3 days more for insured cultivators compared to uninsured cultivators in the same village (a 22% increase in relative demand; t-stat = 2.39).
Treatment increased permanent contract vacancy postings with the public employment agency by 24% (+0.047 vacancies per firm, p < 0.01) and total vacancy postings by 14% (+0.071 vacancies, p < 0.05).
Log vacancy stocks in experiment counties increased significantly, peaking at an 18.2% increase (p < 0.01) in May/June 2006 (3-4 months post-assignment), resulting in a projected 2.4% net increase in overall economy-wide vacancy supply under full program rollout.
Insurance significantly increases the rainfall elasticity of harvest labor demand ($\beta = 0.654, t = 2.39$), but has no statistically significant effect on planting-stage labor demand ($\beta = 0.459, t = 1.41$ or $\beta = 0.191, t = 0.48$ in placebo specifications) [19-21].
Treated firms exhibited a 24% increase in permanent contract vacancy postings (0.047 additional vacancies over a 0.199 control mean, p < 0.01) and a 10.2% increase in permanent contract hires of registered jobseekers (0.046 additional hires over 0.450 control mean, p < 0.05), generating 17.5 additional theoretical workdays per firm (p < 0.05).
At a labor market tightness of 0.42, the ratio of aggregate net employment created per treated firm to the measured direct effect is estimated at 0.68, demonstrating that indirect negative displacement accounts for roughly 32% of direct firm-level employment gains [24, 25].
For every 1.398 formal apprentices placed per firm, host firms displaced 0.318 traditional apprentices, yielding an estimated firm substitution parameter $\psi = 0.227$ (p = 0.128) and bounding net position creation between 74.1% and 77.3% of formal placements.
Vacancies created by treatment firms were significantly more likely to require low skill levels and low qualifications, while offered wages showed no statistically significant difference compared to control group vacancies.
Insurance interaction with rainfall deviation increases harvest labor demand by 0.654 days per mm/day (t-stat = 2.39), while planting-stage labor demand shows no statistically significant response (0.459 days per mm/day, t-stat = 1.41; and 0.191 in full specification, t-stat = 0.48).