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This paper quantifies the misallocation of manufacturing output and factors of production between establishments across Indian districts during 1989-2010. It first distills a number of stylized facts about misallocation in India, and demonstrates the validity of misallocation metrics by...
Persistent link: https://www.econbiz.de/10011208074
India's manufacturing growth from 1989 to 2010 displays two intriguing properties: 1) a substantial fraction of absolute and net employment growth is concentrated in informal tradable industries, and 2) much of this growth is connected to the development of one-person establishments. This paper...
Persistent link: https://www.econbiz.de/10011189195
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005504401
In recent years there has been much discussion of the difference between Inequality and Polarization. The vast literature on inequality is held to miss out key features of distribution change, which are better described as changes in the polarization. Axioms have been proposed which capture some...
Persistent link: https://www.econbiz.de/10005513829
This paper presents an overview of the economics of international aid, highlighting the historical literature and the contemporary debates. It reviews the "trade-theoretic" and the "contract-theoretic" analytical literature, and the empirical and institutional literature. It demonstrates a great...
Persistent link: https://www.econbiz.de/10005520884
What exactly is 'economic marginalization'? How should one conceptualize it, and what are the implications of such conceptualization? Economic marginalization can be conceptualized as outcome or as process (or structure). On outcomes, marginalization can be a static description, or a dynamic...
Persistent link: https://www.econbiz.de/10005528133
Textbook analysis tells us that in a competitive labor market, the introduction of a minimum wage above the competitive equilibrium wage will cause unemployment. This paper makes two contributions to the basic theory of the minimum wage. First, we analyze the effects of a higher minimum wage in...
Persistent link: https://www.econbiz.de/10005528142
This paper develops a framework for thinking about the policy challenge of scaling up small scale interventions, governmental and non-governmental, that address poverty reduction successfully. The framework sees scaling up as addressing different components of market failure, government failure...
Persistent link: https://www.econbiz.de/10005528316
In this note we approach the question of relative poverty from a different angle. Fixing the poverty line, we ask: What is the extent of poverty relative to the resources available in the society to eradicate it? We argue that the same level of poverty is “worse†if the resources...
Persistent link: https://www.econbiz.de/10005528329
Persistent link: https://www.econbiz.de/10005531346