Can Regulated Labor Market Reduce Income Inequality? Experience in Kerala State, India

Type Working Paper
Title Can Regulated Labor Market Reduce Income Inequality? Experience in Kerala State, India
Author(s)
Publication (Day/Month/Year) 2013
Page numbers 1-10
URL http://iws.collin.edu/gsunny/current working paper.pdf
Abstract
This paper dwells on the premise that income inequality has its roots in the variable income earning capability of sellers of labor services in the labor market. Rapid structural transformation in a developing economy paves the way for labor to earn higher income in the Secondary and Tertiary sectors, compared to the Primary. Labor market deregulation should spur more employment opportunities in Kerala State, because of the expectation that more investment will be attracted there to absorb a talented and educated labor force, at present (in 2012-13) suffering from the highest unemployment rate in India.

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