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Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India

Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India »

Volume/Issue: 2016/47

Series: IMF Working Papers

Author(s): Rahul Anand , and Purva Khera

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2016

DOI: http://dx.doi.org/10.5089/9781513545257.001

ISBN: 9781513545257

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...

Trade Liberalization and Wage Inequality
			: Evidence From India

Trade Liberalization and Wage Inequality : Evidence From India »

Volume/Issue: 2005/20

Series: IMF Working Papers

Author(s): Prachi Mishra , and Utsav Kumar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

DOI: http://dx.doi.org/10.5089/9781451860399.001

ISBN: 9781451860399

Keywords: wage premium, wage, unskilled workers, wage differentials, Trade and Labor Market Interactions,

We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure. The empirical strategy uses variation in industry wage premiums and trade policy across industri...