LABOR MARKET REFORM AND POVERTY – THE ROLE OF INFORMAL SECTOR

Sugata Marjit, Saibal Kar () and Dibyendu Maiti ()

Chapter 11 in New and Enduring Themes in Development Economics, 2009, pp 229-240 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractRecent papers, discussing the impact of economic reform in India, argue that the positive effect of reform is more significant in states, which are not 'labour friendly'. Also labour market reforms seem to be a pre-condition for success of liberal policies as far as their impact on poverty is concerned. We argue that the exact mechanism behind such a link is yet to be clarified. We try to provide such a mechanism in terms of a general equilibrium model involving formal and informal workers. Our framework is capable of providing such a link and shows that there are occasions when such link is violated.

Keywords: Development Economics; Happiness; Well-Being; Political Economy; Economic of Labour; Agricultural Economics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Working Paper: Labor market reform and poverty – the role of informal sector (2009)
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