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    Stalled Structural Change Brings an Employment Crisis in India

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    Date
    2021
    Author
    Mehrotra S
    Parida J.K.
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    Abstract
    Using national-level employment data, this paper explores both the supply and demand-side factors responsible for stalling India�s structural transformation on the employment side. We have found that although the overall LF participation has consistently been declining, the size of open unemployment and discouraged LF are rising at an unprecedented pace. This employment crisis arose because of the stalled structural transformation owing to the lack of effective demand for skilled workers in the non-farm sectors. This crisis is not only reflected in stagnant real wages, but it also adversely affected GDP growth and the incidence of poverty. Hence, unless measures are taken quickly, India�s demographic dividend, which ends in 2040, is under severe threat. � 2021, Indian Society of Labour Economics.
    Journal
    Indian Journal of Labour Economics
    Access Type
    Open Access
    URI
    http://172.158.2.16/handle/32116/2912
    URL
    https://link.springer.com/article/10.1007/s41027-021-00317-x
    DOI
    10.1007/s41027-021-00317-x
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    • Economic Studies-Research Publications [92]

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    Initiatives by University Library 
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