ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Income DistributionSubscribe to Income Distribution

Exhausting the Limits of the Possible

In his age group, Vineet Kohli was surely one of the finest heterodox economists in India. With deep interests in structuralist and post-Keynesian macroeconomics, he researched the linkages between financial markets and the real economy, the impact of financial liberalisation on credit flows to the disadvantaged, and the mutual causality between income distribution and growth. A popular teacher, staunch Marxist and warm friend, Vineet will be dearly missed.

Irrigation Development and Agricultural Wages

Irrigation impacts agricultural wage trends through increased demand for labour, cropping intensity and shift in the cropping pattern from low value crops to high value crops. An attempt is made here to explore the relationship between irrigation development and wage rate of agricultural labourers using statewise cross section data pertaining to five points of time: 1972-73, 1977-78, 1983, 1987-88 and 1993-94. The results of the study show that there is a positive impact of availability of irrigation on real wages of agricultural labourers. Also irrigation helps to narrow down the difference between the statutory minimum wages and prevailing wage rates. The gender wage differential is found to be narrowing at a faster rate in the states where irrigation is highe

Explaining Cross-Country Variation in Income Inequality

Most earlier studies exploring the cross-ountry variation in the degree of income inequality (measured by Gini ratio) are valuable but for the inappropriate data on inequality comprising estimates of Gini from incomparable data sets such as national and sub-ational surveys, per person and per household income distributions, and income and expenditure distributions. This paper explores the cross-ountry variation in income inequality based on relatively more comparable data and suggests that public policy aimed at reducing inequality and freedom may be the key variables that explain the variation in the Gini across countries. Prospects for launching national policy initiatives to reduce inequalities are rather dim since globalisation could be conveniently used to rationalise a relatively high level of income inequality.

Trade Liberalisation and Poverty

What is the nexus between trade liberalisation and poverty? This question can be subdivided into two parts. One, recognising that growth is a necessary condition for a sustained reduction in poverty, what is the link between trade and growth. Two, since growth is by no means a sufficient condition for poverty reduction, what is the nexus between trade and income distribution?
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