Rent distribution, labour markets and development in high rent countries

Hertog, Steffen ORCID: 0000-0002-6758-9564 (2016) Rent distribution, labour markets and development in high rent countries. LSE Kuwait Programme Paper Series (40). The London School of Economics and Political Science, LSE Kuwait Programme, London, UK.

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Abstract

This paper argues that hydrocarbons producers with high rents per capita constitute a specific category in the broader universe of rent-dependent countries, facing a specific set of development challenges that are not shared by mid-rent countries (MRCs). The paper surveys patterns of rent distribution in high-rent countries (HRCs), focusing on energy subsidies and excessive public employment, and analyses their developmental consequences. It then proposes unconditional cash grants for HRC citizens in combination with energy subsidy and public employment reform as a mitigation strategy to minimise HRC-specific negative effects of rent distribution.

Item Type:	Monograph (Working Paper)
Official URL:	http://www.lse.ac.uk/middleEastCentre/kuwait/home....
Additional Information:	© 2016 The Author
Divisions:	Middle East Centre
Subjects:	H Social Sciences > HN Social history and conditions. Social problems. Social reform
Date Deposited:	08 Aug 2016 11:06
Last Modified:	11 Dec 2024 19:22
URI:	http://eprints.lse.ac.uk/id/eprint/67381

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