Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...

It is widely held that work by children obstructs schooling, so that working children in impoverished families will find it difficult to escape poverty. If children's school attendance and work were highly substitutable activities, it would be advisable to quell work in the interest of schooling...

This paper studies the characteristics of the workers in the informal economy and whether migrants treat this sector as a temporary location before moving on to the organised or formal sector to improve their life time income and life style. We limit our study to the Indian urban...

The world is changing its socio-economic landscape. By doing so, the phenomenon of a growing middle-class appears. Both household surveys and growth projections suggest that only about one-third of the global middle class is based in Asia. However, between 2009 and 2017, the global middle-class...

This paper uses Indian EUS-NSSO data on 32 states/union territories and 570 districts for a bi-annual panel with 5 waves to estimate how regional population reacts to asymmetric shocks. These shocks are measured by non-employment rates, unemployment rates, and wages in fixed-effects regressions...

This paper uses a new field survey of low-wage areas of urban India to show that employment and earnings were decimated by the lockdown resulting from the Covid-19 crisis. It examines workers' desire for a job guarantee in this setting. Workers who had a job guarantee before the crisis were...

This paper explores the association between studying science at the higher secondary stage and labor market earnings using nationally representative data on high school subject choices and adult outcomes for urban males in India. Results show that those who studied science in high school have...

Analysing the Indian labour market poses inherent challenges given the country's size and diversity. Rather than a case of "jobless growth", India has experienced concentrated employment growth, mainly in urban areas and for men. This has been accompanied by a decline in the female labour force...

This paper investigates gender-based segregation across different fields of study at the post-secondary level of schooling, and how that affects subsequent labour market outcomes of men and women. Using a nationally representative longitudinal data-set from India, we provide evidence that there...

This paper explores the association between studying science at the higher secondary stage and labor market earnings using nationally representative data on high school subject choices and adult outcomes for urban males in India. Results show that those who studied science in high school have...