Growth of aggregate unemployment in India, trends, sources, and macroeconomic policy options (Record no. 25486)

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000 -LEADER
fixed length control field 02824nam a2200193Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 200202s9999 xx 000 0 und d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 821303456
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 339.5 RAJ
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Raj ,Krishna
245 #0 - TITLE STATEMENT
Title Growth of aggregate unemployment in India, trends, sources, and macroeconomic policy options
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Washington
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. World bank
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1984
300 ## - PHYSICAL DESCRIPTION
Extent 54 p.
520 ## - SUMMARY, ETC.
Summary, etc. Much skepticism has been expressed about the realism and usefulness of measuring unemployment and underemployment in dominantly agricultural and dualistic Asian economies. And the controversy continues over the concepts to be used for measurement. Still, a large amount of data on unemployment and related magnitudes have been collected in nationwide labor force surveys in India over the last three decades. These data are not widely known because researchers have not so far built up comparable time series data of key magnitudes. They have been hampered by the slow and irregular release of data in changing forms and by the frequent "improvements" in survey concepts which affected the comparability of data yielded by different surveys. Many cross section analyses of the Indian labor market are already available (see, for example, Rosenzweig, 1981; Bardhan, 1982; and Evenson and Binswanger, 1981).<br/><br/>After an analysis of some significant macroeconomic tendencies, the paper provides a nonparametric decomposition of the growth of "weekly status" unemployment for which eight observations are available over the period 1959-78. These observations imply the growth of unemployment at a rate of about 1.7 percent a year. This growth is decomposed into four factors: population growth and changes in the participation rate on the supply side; and growth of the capital stock and capital intensity on the demand side. Alternatively, the growth in the demand for labor (employment) is broken down into the contributions of the growth of output and the growth of productivity.<br/><br/>The decomposition exercise makes it possible (in section 4) to compute alternative combinations of growth rates of population, output, and productivity (or capital intensity) required for a target reduction of unemployment by the end of the century.<br/><br/>The main outcome is that though India has a massive unemployment problem, it can be reduced by a sustained overall growth rate of the order of 6.5 percent a year. But whether India can attain and maintain this high rate, under the well-known structural constraints, remains problematic. In the absence of a high growth rate, implementation of direct employment-generation programs, specifically targeted at landless and small-farm rural workers, will continue to be necessary for a long time.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Unemployed India
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
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Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Source of acquisition Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library 2020-02-02 MSR   339.5 RAJ 30433 2020-02-02 2020-02-02 Books

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