The Indian Journal of Labour Economics, March 2026
The study found that the average daily wages almost increased three times between 1983 and 2021–22 in rural and urban areas of the country. The average wages rose more rapidly for women than men. We have observed that the wage growth of casual workers increased much faster over the years, reflecting less fluctuation than regular workers. However, at the same time, the growth rate of regular workers has collapsed several times....
International Economics and Economic Policy, March 2026
Post adoption of the Flexible Inflation Targeting by India, the importance of anchoring inflation expectations has been taking centre stage of academic and policy research. The expectations channel is now considered as an important transmission mechanism in itself. This paper explores whether expectation formation in the Indian context can be treated as forward or backward looking with or without adaptive features, using...
Using monthly, seasonal and annual panel data from rural India from 2010 to 2014, we comprehensively analyze how households smooth consumption and adjust their asset portfolios in response to income shocks, identified by exogenous deviations of rainfall from historical patterns. First, we explore intra-consumption adjustments and the role of household assets as a buffer stock. We find that, while households adjust their...
The Indian Journal of Labour Economics, April 2026
The aim of the study is to examine the inter-linkage between internal migration, remittances, and households’ economic wellbeing by using asset accumulation as a wellbeing indicator of households. We obtained data from 245 migrant and 330 non-migrant households in rural Jharkhand through a three-stage stratified random sampling method. The results show that migrant families economically outperform their non-migrant counterpart economically...
Journal of Social and Economic Development, April 2026
While methodologies for poverty measurement have evolved considerably, the Multidimensional Poverty Index (MPI) has emerged as a widely adopted global tool to identify poor, seen through deprivations across the dimensions of health, education, and living standards. Existing studies on poverty in India have primarily focused on the incidence and intensity of multidimensional poverty, often decomposing the MPI to highlight disparities...
The Indian Journal of Labour Economics, April 2026
This article offers a corrective to the narrow-mindedness of mainstream economics by critically examining how leading schools have treated and often dismissed the question of involuntary unemployment. Its central contribution lies in restoring involuntary unemployment to the analytical foreground through a comparative assessment that spans Classical, Walrasian, New Classical, New Keynesian, Keynesian, and Marxian–Kaleckian...
The Indian Journal of Labour Economics, April 2026
During the post-economic reform period, India experienced rapid economic growth alongside a structural transformation in terms of sectors for both gross value added and labour allocation. The structural changes in labour allocation require a careful scrutiny, as in many cases, the reallocation of labour has been found to move in the wrong direction, leading to a dampening of overall productivity growth. With this question in mind...
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