Economic growth is accompanied with a shift of labor away from the natural resource sector. In developing countries some people have to leave fisheries as a way of making it possible for those who remain in fisheries to share in the productivity gains of the entire economy. Increased investment in...
Based on fieldwork on the occupational choice and the incomes of fishermen at Chilika lagoon, India, we built an overlapping generations model of a small open economy with access to a renewable common pool resource to show how the share of the workforce in the resource sector, the average income...