Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/51848
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dc.contributor.authorBasu, Arnab K.en_US
dc.date.accessioned2011-10-04en_US
dc.date.accessioned2011-11-23T11:37:51Z-
dc.date.available2011-11-23T11:37:51Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201105306248en_US
dc.identifier.urihttp://hdl.handle.net/10419/51848-
dc.description.abstractThe recent enactment of the National Rural Employment Guarantee Act in India has been widely hailed a policy that provides a safety net for the rural poor with the potential to boost rural income, stabilize agricultural production and reduce rural-urban migration. This paper, models the impact of such employment guarantee schemes in the context of an agrarian economy characterized by lean season involuntary unemployment as a consequence of tied-labor contracts. Specifically, we examine labor and output market responses to a productive rural Employment Guarantee Scheme (EGS) and determine the optimal compensation to public work employees consistent with the objectives of (i) productive efficiency in agriculture and (ii) welfare maximization of the laborers. Our framework provides a theoretical framework for the evaluation of a number of (sometimes) conflicting observations and empirical results on the impact of an EGS on agricultural wages, employment and output, and underscores the importance of the relative productivity of workers in the EGS program vis-à-vis their counterparts engaged in agricultural production in determining the success of these programs.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x5701en_US
dc.subject.jelJ3en_US
dc.subject.jelQ38en_US
dc.subject.jelQ12en_US
dc.subject.ddc330en_US
dc.subject.keywordlabor contractsen_US
dc.subject.keywordrural unemploymenten_US
dc.subject.keywordemployment guarantee schemesen_US
dc.subject.keywordpublic inputen_US
dc.subject.keywordoptimal wageen_US
dc.titleImpact of rural employment guarantee schemes on seasonal labor markets: Optimum compensation and workers' welfareen_US
dc.typeWorking Paperen_US
dc.identifier.ppn669244309en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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