Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Asia and Pacific > India

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Labor Economics Policies x
Clear All Modify Search
Cover IMF Working Papers
Resource Misallocation in India: The Role of Cross-State Labor Market Reform
Mr. Adil Mohommad
,
Charlotte Sandoz
, and
Piyaporn Sodsriwiboon
At the macro level, productivity is driven by technology and the efficiency of resource allocation, as outcomes of firms’ decision making. The relatively high level of resource misallocation in India’s formal manufacturing sector is well documented. We build on this research to further investigate the drivers of misallocation, exploiting micro-level variation across Indian states. We find that states with less rigid labor markets have lesser misallocation. We also examine the interaction of labor market rigidities with informality which is a key feature of India’s labor markets. Our results suggest that reducing labor market rigidities in states with high informality has a net positive effect on aggregate productivity.
Keywords:
Misallocation; India; Firm level; Structural reforms.; WP; price distortion; product market regulation; revenue TFP; balance sheet data; exit from informality; firm TFPR
Cover IMF Research Bulletin
IMF Research Bulletin, Summer 2017
International Monetary Fund. Research Dept.
The Summer 2017 issue of the IMF Research Bulletin highlights new research such as recent IMF Working Papers and Staff Discussion Notes. The Research Summaries are “Structural Reform Packages, Sequencing, and the Informal Economy (by Zsuzsa Munkacsi and Magnus Saxegaard) and “A Broken Social Contract, Not High Inequality Led to the Arab Spring” (by Shantayanan Devarajan and Elena Ianchovichina). The Q&A section features “Seven Questions on Fintech” (by Tommaso Mancini-Griffoli). The Bulletin also includes information on recommended titles from IMF Publications and the latest articles from the IMF Economic Review.
Keywords:
IRB; product market reform; research journal; journal of the International Monetary Fund; capital account regulation; IMF liquidity provision facilities; appendix I. Labor; Income inequality; Structural reforms; Fintech; Labor market reforms; Global; Caribbean; Middle East; North Africa; East Africa; Africa
Cover IMF Working Papers
Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India
Rahul Anand
and
Purva Khera
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 rigidities in the formal labor and product markets. Along with increasing GDP and employment, deregulation also leads to lower informality and greater product market competition. Slow reallocation of resources between the formal and informal sectors leads to some adverse impacts in the short run that can be minimized by implementing a combined package of reforms. These impacts are shown to be greater in an economy with a larger informal sector.
Keywords:
structural reforms; product market deregulation; labor market deregulation; unemployment; wage bargaining; informality; DSGE; Indian economy; Bayesian estimation; entry cost; wage inequality; increase output; open economy; sector wage; hiring cost; reforms help; bargaining power; Labor markets; Wages; Commodity markets; Labor costs; Global
Cover Policy Papers
2014 Triennial Surveillance Review - External Study - Structural Policies in Fund Surveillance
International Monetary Fund
NULL
Keywords:
PP; structural policy; Fund surveillance; country authorities; surveillance work; core expertise; Fund involvement; policy reform; Fund staff; Fund advice; Fund knowledge of country experience; Structural policies; Public investment spending; Labor market reforms; Financial statements; Global; Europe; Africa
Cover IMF Working Papers
What Can International Cricket Teach Us About the Role of Luck in Labor Markets?
Mr. Shekhar Aiyar
and
Mr. Rodney Ramcharan
How important is luck in determining labor market outcomes? We address this question using a new dataset of all international test cricketers who debuted between 1950 and 1985. We present evidence that a player’s debut performance is strongly affected by an exogenous source of variation: whether the debut series is played at home or abroad. This allows us to identify the role of luck - factors unrelated to ability - in shaping future career outcomes. We find that players lucky enough to debut at home perform significantly better on debut. Moreover, debut performance has a large and persistent impact on long run career outcomes. We also make headway in empirically distinguishing between competing explanations for why exogenous initial conditions exercise a persistent impact on career performance
Keywords:
WP; debut location; test cricket; batting average; debut performance; debut series; series performance; debut dummy; entry decision; Human capital; Labor markets; Value-added tax; Capital accumulation; Job search and matching assistance; Caribbean