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Labor Productivity Growth, Informal Wage and Capital Mobility: A General Equilibrium Analysis

dc.contributor.authorMarjit, Sugata
dc.contributor.authorKar, Saibal
dc.date2007-04
dc.date.accessioned2007-09-13T20:16:15Z
dc.date.available2007-09-13T20:16:15Z
dc.date.issued2007-09-13T20:16:15Z
dc.identifier.urihttps://hdl.handle.net/2027.42/55768
dc.description.abstractThe recent growth experience in India highlights the role of skill-based service sector and productivity improvement rather than a significant rise in physical capital accumulation. In this context we study the possible impact of higher productivity of labor in the formal sector on the informal wage in an economy comprising of skilled and unskilled workers. More productive skilled workers depress informal wage in the short-run, but do not affect it in the long run, when capital is fully mobile across sectors. If the productivity of unskilled workers in the formal sector improves, it may have drastically different impact on the informal wage in the short and the long run. Secular labor productivity growth in the informal sector may lead to lower wage for informal workers if capital mobility is restricted between the formal and the informal.en_US
dc.format.extent107707 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.relation.ispartofseriesIPC Working Paper Series No. 54en_US
dc.subjectskilled labor, productivity growth, informal wage, factor specificityen_US
dc.titleLabor Productivity Growth, Informal Wage and Capital Mobility: A General Equilibrium Analysisen_US
dc.typeWorking Paperen_US
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumInternational Policy Center (IPC); Gerald R. Ford School of Public Policyen_US
dc.contributor.affiliationotherCenter for Studies in Social Sciences, Calcutta, Indiaen_US
dc.contributor.affiliationumcampusAnn Arbor
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/55768/1/Labor Productivity Growth by Sugata Marjit.pdfen_US
dc.owningcollnameInternational Policy Center (IPC) - Working Paper Series


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