The Outsiders: Economic Reform and Informal Labour in a Developing Economy

Hardcover | June 16, 2011

bySugata Marjit, Saibal Kar

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The informal economy has emerged as one of the most dynamic, active, and hotly-debated domains in the entire developing world. Unfortunately, it remains one of the least treated subjects in mainstream economic theory and development economics. This book brings together the authors' accumulatedwork over the last decade. It provides a detailed theoretical overview and analytical understanding of informal labour markets in the context of economic reforms. Grounded in the neo-classical general equilibrium framework, it analyses the impact of deregulatory policies on the welfare of informalworkers in a segmented labour market. Using empirical data and case studies, the book discusses how informal wage responds to unemployment in the formal sector by exploring the interactions between the formal and the informal labour markets. The authors also examine institutional factors - political, economic, and governance mechanisms- to explore the major causes that sustain or impede the dynamism of the informal labour markets.

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The informal economy has emerged as one of the most dynamic, active, and hotly-debated domains in the entire developing world. Unfortunately, it remains one of the least treated subjects in mainstream economic theory and development economics. This book brings together the authors' accumulatedwork over the last decade. It provides a de...

Sugata Marjit is Director and RBI Chair Professor of Industrial Economics. Saibal Kar is Fellow in Economics. Both are at the Centre for Studies in Social Sciences in Calcutta.

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Format:HardcoverDimensions:280 pages, 8.46 × 5.51 × 0.1 inPublished:June 16, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198071493

ISBN - 13:9780198071495

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Table of Contents

Tables and FiguresPrefaceAcknowledgements1. IntroductionI Theories of Informality2. The Political Economy of Informality3. Informal Wage in the Presence of Agricultural and Manufacturing Sectors4. Outsourcing, Informality, and Informal Wages5. Informal Sector in General Equilibrium Models6. International Trade, the Informal Sector, and Welfare7. The Extended Heckscher-Ohlin Framework with Informal SectorII Empirical Research and Findings on Informal Sector8. Empirical Evidence for India9. Trade Reform, Labour Market Reform, Informal Wage, and Poverty10. Reform and Productivity in the Informal Sector-Theory11. Two Case Studies on the Informal Economy12. Future Research and Road AheadReferencesIndex