Skip to content
University of Maryland LibrariesDigital Repository at the University of Maryland
    • Login
    View Item 
    •   DRUM
    • Theses and Dissertations from UMD
    • UMD Theses and Dissertations
    • View Item
    •   DRUM
    • Theses and Dissertations from UMD
    • UMD Theses and Dissertations
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Labor Adjustment in an Evolving Marketplace

    Thumbnail
    View/Open
    umi-umd-2688.pdf (1.294Mb)
    No. of downloads: 3017

    Date
    2005-07-31
    Author
    Singh, Manisha G.
    Advisor
    Haltiwanger, John C.
    Metadata
    Show full item record
    Abstract
    This thesis is about the process of employment adjustment. It studies adjustment costs and their impact on employment and labor demand. It starts by describing key characteristics of India's labor market; documents legal, economic, and social framework; investigates the impact and finds magnitudes of worker adjustment costs. Then, it estimates econometrically parameters of labor adjustment based on ASI industry data from 1973 to 1997. Specifically effects of the job security regime in India on employment are estimated while accounting for the concurrent impact of product markets' liberalization. It establishes that adjustment costs are substantial, adjustment is slow, and competition mitigates only some of the adverse impact of adjustment costs. Third, it investigates retrenchment programs across countries. This one-time or episode form of adjustment is a preferred mechanism in the presence of excess labor. Multi-dimensional program designs are found to be more successful. These analyses can be better conducted using a panel dataset based on the unit level data of the ASI.
    URI
    http://hdl.handle.net/1903/2900
    Collections
    • Economics Theses and Dissertations
    • UMD Theses and Dissertations

    DRUM is brought to you by the University of Maryland Libraries
    University of Maryland, College Park, MD 20742-7011 (301)314-1328.
    Please send us your comments.
    Web Accessibility
     

     

    Browse

    All of DRUMCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister
    Pages
    About DRUMAbout Download Statistics

    DRUM is brought to you by the University of Maryland Libraries
    University of Maryland, College Park, MD 20742-7011 (301)314-1328.
    Please send us your comments.
    Web Accessibility