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A Special Economic Zone (SEZ) is a type of managed industrial cluster which focuses on exports and encourages the inflow of foreign direct investment (FDI) and technology. These "special" zones are given a range of fiscal and non-fiscal incentives, which are not available to firms located in the...
Persistent link: https://www.econbiz.de/10011419824
We document that the added worker effect (AWE) has increased over the last three decades. We develop a search model with two earner households and we illustrate that the increase in the AWE from the 1980s to the 2000s can be explained through i) the narrowing of the gender pay gap, ii) changes...
Persistent link: https://www.econbiz.de/10011456513
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012062385
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …
Persistent link: https://www.econbiz.de/10012519987
The paper begins with a discussion of Indian labour law and the increasing use of "contract labour" in Indian formal manufacturing. We question the widespread perception that employment of contract labour provides flexibility to employers in terms of adjustment in response to demand and...
Persistent link: https://www.econbiz.de/10011538591
Robotics has been redefining the production process across manufacturing industries, raising serious concern about the future of jobs and the garment sector is not isolated. The recent innovations such as "Sewbot" along with other Computer Numeric Control machines have increased the risk of...
Persistent link: https://www.econbiz.de/10012098365
are collective dismissal, fixed term contracts, contract labour, trade unions and unemployment insurance. Although the …
Persistent link: https://www.econbiz.de/10010516697
One particularly significant piece of labour legislation in India is the Contract Labour (Regulation and Abolition) Act, 1970 (CLA,1970), which regulates labour hired by firms through the offices of a labour contractor - such labour being referred to as 'contract' labour in India. This paper...
Persistent link: https://www.econbiz.de/10010530684
After following inward oriented economic policies for nearly four decades, India opened up to international trade in the early 1990s. Since then, the trade integration of the Indian economy in general and the manufacturing sector in particular has increased phenomenally. Against this backdrop,...
Persistent link: https://www.econbiz.de/10011281276