Estimating Workers' Bargaining Power and Firms' Markup in India: Implications of Reforms and Labour Regulations
Published By: IGIDR on eSS | Published Date: September, 01 , 2014Implications of industrial deregulations, trade liberalisation and labour regulations on workers' bargaining power and firms' markup in Indian manufacturing industries is examined, using state-wise three-digit industry-level panel data for the period 1980-2007. Results of the econometric analysis
suggest that both industrial deregulations and trade liberalisation led to significant declines in workers'
bargaining power, which was already less than 6.7% on an average during pre-reform era. However,
none of these reforms appears to have any significant effect on firms' markup.
Author(s): Rupayan Pal, Udayan Rathore | Posted on: Sep 29, 2014 | Views(566) | Download (245)