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It is generally believed that the compensation of workers employed in the organised sector in general and public sector in particular is not necessarily linked to their economic contribution in the productive process. It is accepted that most the enterprises belonging to the organised sector...
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The linking of wages with productivity has occupied a centre stage especially after the New Economic Policy of 1990 in India. Though wages and other components like bonus, etc are still determined to a large extent by statutory bodies and collective bargaining, productivity is entering into many...
Persistent link: https://www.econbiz.de/10014049806
The paper aims at finding out an empirical relationship between real wage rates and employment levels in the Indian public enterprises. It finds that the expected negative relationship between the two do not exist in the fifteen years of the pre reform era but is found in the post reform fifteen...
Persistent link: https://www.econbiz.de/10014050127