This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian … yield is short-lived, but elicits a persistent decline (increase) in wages (food prices). Negative local shocks affect only … wages, but not prices. This indicates that, in the food market, intra-regional trading mitigates the impact of local shocks …

) should cause Consumer Price Inflation (CPII). But at low per capita incomes average wages respond to food prices, raising …

series of casual wages from 119 locations in both Ethiopian cities and rural towns. We use this data for two types of … changes in nominal wages respond to changes in food and non-food prices. We find alarming results. The disposable income of … evidence that wages substantially adjust to higher food prices, except in the long run. …

This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian … yield is short-lived, but elicits a persistent decline (increase) in wages (food prices). Negative local shocks affect only … wages, but not prices. This indicates that, in the food market, intra-regional trading mitigates the impact of local shocks …

finding is that the short‐lived yield loss after a widespread drought elicits a persistent decline (increase) in wages (food …