World Economy Brief KIEP Staff Papers
발간물
KIEP Opinions
The Role of Labor Market Flexibility on Labor Markets in India
- 저자 LEE Woong
- 발간일2015-09-25
We examined the relationship between labor market flexibility and the number of new hires (a labor market outcome) through the job matching process in India. To do this, we estimated the matching functions that incorporate a proxy variable for measuring the degree of labor market flexibilities across states in India. We utilized the state-level panel data for more than 10 years, to address heterogeneities across states and to control for fluctuations over time. This study was designed to answer two main research questions. The first is whether flexible labor markets have better outcomes in the job matching process. The second question is whether the pattern of the matching functions coefficients is systemically related to the labor market flexibility across regions.
We found no direct relationship between labor market
flexibility and new hires in the job matching process, when the labor market
was analyzed as a whole. However, the findings pinpoint one clear pattern in
the analysis when the labor market is partitioned into groups in terms of labor
market flexibility: there is a substantial lack of labor demand in states where
labor markets are not flexible.
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