Jurado, Gonzalo M.De Dios, Loreli C.2024-10-102024-10-101983https://selib.upd.edu.ph/etdir/handle/123456789/685The literature shows that contracts arise to bring together agents with different endowments of physical and human capital as well as risk-bearing capacities. The coexistence of different contracts is shown to depend on worker characteristics, i.e., differences in the choice of contracts in a risky environment reflect an underlying distribution of means of production, with the more endowed laborers choosing to be tenants and the less endowed ones hired as wage-workers. The screening model is adopted to show that information is transmitted via contractual choice. The hypothesis is confirmed using both logit and OLS procedures to test survey data.enThesis