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Trends in real wages in rural India 1880-1980 (Английский)

This paper charts long-term trends in rural real wages to see if the conclusions of an earlier study concerning a positive association between trends in rural real wages and in the changing balance between the demand and supply of rural labour, are upheld. A real rural wage series for a century is derived, and used with time series data on labour supply and agricultural output to estimate a simple neoclassical model of wage determination for the whole...
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