Option values, switches and wages: an analysis of the employment guarantee scheme in India
Consistent with the theory of real options, it is argued that the value of the Employment Guarantee Scheme (EGS) in the Indian state of Maharashtra and its impact on workers' behaviour do not depend so much on its income supplementation as on enlargement of opportunities in an uncertain environ...
| Main Authors: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2003
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