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Full-Text Articles in Social and Behavioral Sciences
Are De Jure Labor Laws Absolute? Formal Manufacturing In India, Gurmeet Singh Ghumman
Are De Jure Labor Laws Absolute? Formal Manufacturing In India, Gurmeet Singh Ghumman
Dissertations and Theses Collection (Open Access)
We investigate the view that de facto labor market conditions are important in evaluating the effects of labor institutions in developing countries where enactment does not necessarily imply enforcement. Using India as a case study we empirically investigate the effects of labor markets on the organized manufacturing sector from 1970 to 1997. Recognizing that the state can intervene in the outcome of labor disputes we construct a measure to proxy the degree of the state legislature's prejudice towards pro-worker causes. We argue that leftist and communist political parties can interfere in the resolution of disputes in favor of workers through …
Stock Markets And Income Inequality: A Cross-Country Study, Elizabeth Mathew
Stock Markets And Income Inequality: A Cross-Country Study, Elizabeth Mathew
Dissertations and Theses Collection (Open Access)
This paper conducts a comprehensive analysis to understand how stock market ratios affect net income inequality. The study of how finance impacts income distribution is relevant as the income distribution of a nation influences savings decisions, resource allocation, innovation incentives and public policy and hence impacts the process of economic development. Using a cross-sectional data set of 68 countries and panel data set of 61 countries from 1975 to 2005, I apply cross-sectional OLS and panel regressions to look at how stock market size, liquidity, and activity impact income inequality. While stock market size is found to strongly impact income …