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Record Nr. |
UNINA9910165037103321 |
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Autore |
Anand Rahul |
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Titolo |
Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India / / Rahul Anand, Purva Khera |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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9781513545325 |
1513545329 |
9781513557878 |
1513557874 |
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Descrizione fisica |
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1 online resource (61 pages) : color illustrations, tables, graphs |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Manpower policy - India |
Informal sector (Economics) - India |
Labor market - India |
Macroeconomics |
Economics: General |
International Economics |
Labor |
Finance: General |
Foreign Exchange |
Informal Economy |
Underground Econom |
Trade and Labor Market Interactions |
Open Economy Macroeconomics |
Labor Economics Policies |
Demand and Supply of Labor: General |
Wages, Compensation, and Labor Costs: General |
Unemployment: Models, Duration, Incidence, and Job Search |
General Financial Markets: General (includes Measurement and Data) |
Economic & financial crises & disasters |
Economics of specific sectors |
Labour |
income economics |
Finance |
Financial crises |
Economic sectors |
Labor markets |
Wages |
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Unemployment |
Commodity markets |
Financial markets |
Labor costs |
Currency crises |
Informal sector |
Economics |
Labor market |
Commodity exchanges |
Income economics |
India |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidities in the formal labor and product markets. Along with increasing GDP and employment, deregulation also leads to lower informality and greater product market competition. Slow reallocation of resources between the formal and informal sectors leads to some adverse impacts in the short run that can be minimized by implementing a combined package of reforms. These impacts are shown to be greater in an economy with a larger informal sector. |
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