Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing literature on the issue, it is not clear whether developing and emerging countries can improve their economic performance by adopting inflation targeting. This working paper...

Using a rich longitudinal database, I study the dynamics behind changes in the distribution of annual earnings in Sweden 1991 to 1999. The analysis indicates a systematic increase in persistent earnings differentials during the 1990s; workers with low relative earnings in the beginning of the...

This paper shows that the use of performance pay schemes has risen substantially across Europe from fewer than one-fifth in 2000 up to one-third in 2015, using data from the European Working Conditions Survey and the Structure of Earnings Survey enriched with external contextual data. This...

This study attempts to address the issue of declining labour intensity in India's organized manufacturing in order to understand the constraints on employment generation in the labour intensive sectors. Using primary survey data covering 252 labour intensive manufacturing-exporting firms across...

This paper estimates the union effects on the wage gap and dispersion in two pooled samples of construction craftworkers (CPS 1983-88 and 2000-05) using decomposition analysis and kernel density estimation. It shows that despite the decline in the adjusted union wage gap declined over time, the...

Despite changing attitudes around disability over time, people with disabilities still face large barriers to labour market participation. We apply a sociological framework that considers both supply- and demand-side explanations for labour market inequality to help understand the continuing...

Much of the literature on wage inequality describes increases in wage inequality over time driven by seemingly unstoppable forces of technological change and globalisation, widening the gaps between workers and disadvantaging the lower paid. At the same time institutional protection has...

Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing economies. To fix ideas we present an extension of...

Social policies play a critical role in the transformation of emerging economies. This paper discusses this with reference to China and India, with their very distinctive public policy approaches. Much of the economics literature either does not pay much attention to social policy or regards it...

This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...