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An Approach To The Problem Of Employment In India, Deepankar Basu
An Approach To The Problem Of Employment In India, Deepankar Basu
Economics Department Working Paper Series
The challenge of employment in the Indian economy, especially after it growth acceleration since the mid-1980s, relates to its quality rather than its quantity. While employment growth has kept pace with the labour force over the long run, what has grown is informal employment. The coexistence of rapid capital accumulation, robust output growth and lack of growth of formal employment can be understood using the well-known Harris-Todaro model of a dual economy. This framework highlights the key role of the wage gap between the modern and traditional sectors as a determinant of urban informal employment. Hence, one of the most …
Beyond Dualism: Multisegmented Labor Markets In Ghana, James Heintz, Fabian Slonimczyk
Beyond Dualism: Multisegmented Labor Markets In Ghana, James Heintz, Fabian Slonimczyk
Economics Department Working Paper Series
Using estimates of earnings functions in Ghana, this paper examines patterns of labor market segmentation with regard to formal and informal employment. Persistent earnings differentials are used as indicators of limited mobility across segments of the employed labor force. We find evidence of labor market segmentation between formal and informal employment and between different categories of informal employment which cannot be fully explained by human capital, physical asset, or credit market variables. We argue that dualist labor market models may not be appropriate for understanding employment dynamics in all circumstances and an approach that recognizes the multi-segmented character of labor …