The Outsiders

Economic Reform and Informal Labour in a Developing Economy

Business & Finance, Career Planning & Job Hunting, Labor, Economics, Economic Development
Cover of the book The Outsiders by Sugata Marjit, Saibal Kar, OUP India
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Author: Sugata Marjit, Saibal Kar ISBN: 9780199088416
Publisher: OUP India Publication: January 19, 2011
Imprint: OUP India Language: English
Author: Sugata Marjit, Saibal Kar
ISBN: 9780199088416
Publisher: OUP India
Publication: January 19, 2011
Imprint: OUP India
Language: English

The informal economy is a dynamic, active, and hotly debated domain in the developing world. Unfortunately, it remains one of the most ignored areas in mainstream economic theory and development economics. In this book, Marjit and Kar provide a detailed theoretical overview and analytical understanding of informal labour markets in the context of economic reforms. Grounded in the neo-classical general equilibrium framework, the book analyses the impact of deregulatory policies on the welfare of informal workers in a segmented labour market. It discusses how informal wage responds to unemployment in the formal sector by exploring the interactions between the formal and the informal labour markets. The authors also examine institutional factors—political, economic, and governance mechanisms—to explore the major causes that sustain or impede the dynamism of informal labour markets. They offer empirical applications using official data sources and micro-level case studies of informal activities in West Bengal, Maharashtra, and Gujarat.  

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The informal economy is a dynamic, active, and hotly debated domain in the developing world. Unfortunately, it remains one of the most ignored areas in mainstream economic theory and development economics. In this book, Marjit and Kar provide a detailed theoretical overview and analytical understanding of informal labour markets in the context of economic reforms. Grounded in the neo-classical general equilibrium framework, the book analyses the impact of deregulatory policies on the welfare of informal workers in a segmented labour market. It discusses how informal wage responds to unemployment in the formal sector by exploring the interactions between the formal and the informal labour markets. The authors also examine institutional factors—political, economic, and governance mechanisms—to explore the major causes that sustain or impede the dynamism of informal labour markets. They offer empirical applications using official data sources and micro-level case studies of informal activities in West Bengal, Maharashtra, and Gujarat.  

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