Series: IMF Working Papers
Author(s): Rahul Anand , and Purva Khera
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 March 2016
Keywords: Wage bargaining, India, Asia and Pacific, structural reforms, product market deregulation, labor market deregulation, unemployment, informality, DSGE, Indian economy
This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidit...