Is a guaranteed living wage a good anti-poverty policy?
Is a guaranteed living wage a good anti-poverty policy?:

"Minimum wages are generally thought to be unenforceable in developing rural economies. But there is one solution - a workfare scheme in which the government acts as the employer of last resort. Is this a cost-effective policy against poverty? Using a microeconometric model of the casual labor...

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Bibliographische Detailangaben
1. Verfasser: Murgai, Rinku (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C] World Bank 2005
Schriftenreihe:Policy research working paper 3640
Schlagworte:
Garantiertes Mindesteinkommen
Indien
Casual labor > India
Minimum wage > India
Poverty > India
Transfer payments > India
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Zusammenfassung:"Minimum wages are generally thought to be unenforceable in developing rural economies. But there is one solution - a workfare scheme in which the government acts as the employer of last resort. Is this a cost-effective policy against poverty? Using a microeconometric model of the casual labor market in rural India, the authors find that a guaranteed wage rate sufficient for a typical poor family to reach the poverty line would bring the annual poverty rate down from 34 percent to 25 percent at a fiscal cost representing 3-4 percent of GDP when run for the whole year. Confining the scheme to the lean season (three months) would bring the annual poverty rate down to 31 percent at a cost of 1.3 percent of GDP. While the gains from a guaranteed wage rate would be better targeted than a uniform (untargeted) cash transfer, the extra costs of the wage policy imply that it would have less impact on poverty. "--World Bank web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 8/23/2005
Erscheinungsjahr in Vorlageform:[2005]
Beschreibung:1 Online-Ressource
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