Education and Labour Market Outcomes in Post-liberalized India: An Empirical Autopsy

Sovik Mukherjee, Tanusree Das
2016 International Journal of Multidisciplinary Studies   unpublished
Structured Abstract: Purpose: The present study is an attempt to draw a contrast between regular and casual workers across the states in India and to what extent their levels of education influence wages during the post-liberalization era. Design and Methodology: The data from 5 rounds of NSSO survey viz. −-12 have been used for this study. Estimation of the Mincerian wage function has been performed by making use of the Multiple Linear Panel Data Model. Findings: The results give a clear
more » ... tion that in the post-liberalization era, there has been a significant amount of variation in the wage structure of regular and casual workers. Also, the casual sector does not value education to that extent as compared to regular. Value / Originality: The uniqueness of this paper lies in carrying out a panel data analysis across the 23 major states in India and in this context, connecting different levels of education and average daily wage is something novel in empirical economics.