Employment Elasticity in India and the U.S., 1977-2011: A Sectoral Decomposition Analysis

Deepankar Basu () and Debarshi Das ()
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Deepankar Basu: Department of Economics, University of Massachusetts
Debarshi Das: Department of Humanities and Social Sciences, Indian Institute of Technology, Guwahati

No 2015-07, UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics

Abstract: This paper analyses the phenomenon of jobless growth in India and the US through the lens of employment elasticity. Analytical results are derived for decompositions of both the level and change of aggregate employment elasticity in terms of sectoral elasticities, relative growth and employment shares. Estimates of these decompositions are presented with employment and output data from relevant sources for both economies. In India, the agricultural sector was the key determinant of both the level and change of aggregate elasticity till the early 2000s. In USA, services is the most important determinant of the level of, but manufacturing remains an important driver of changes in, aggregate employment elasticity.

Keywords: employment; output; elasticity (search for similar items in EconPapers)
JEL-codes: E2 E24 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-mac
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