The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...

Recent evidence on functional income distribution suggests that the shares of capital and labour in national income vary considerably both over time and across countries. Specifically, there seems to be a general reduction in the labour share around the world, in particular from the mid-1980s...

The caste system - a system of elaborately stratified social hierarchy - distinguishes India from most other societies. Among the most distinctive factors of the caste system is the close link between castes and occupations, especially in rural India, with Dalits or Scheduled Castes (SC)...