Public and private sector jobs,unreported income and consumption gap in India: Evidence from micro-data |
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| Institution: | 1. Indian Institute of Technology, Kanpur, India;2. Department of Economics, Jadavpur University, India;3. Centre for Studies in Social Sciences, Calcutta, India;4. IZA, Bonn, Germany;1. School of Economic Mathematics, Southwestern University of Finance and Economics, Chengdu 611130, PR China;2. School of Finance, Southwestern University of Finance and Economics, Chengdu 611130, PR China;3. Department of Mathematics, Wilfrid Laurier University, Waterloo, Ontario, Canada N2L 3C5;1. IPAG Lab, IPAG Business School;2. European University Institute (EUI);3. Athens University of Economics and Business (AUEB);1. Department of Banking and Finance, National Chiayi University, No. 580, Sinmin Road, Chiayi City 60054, Taiwan;2. Department of Finance, National Yunlin University of Science & Technology, No. 123, University Road, Section 3, Douliou City 64002, Taiwan;3. Department of Wealth and Taxation Management, National Kaohsiung University of Applied Sciences, No. 415, Chien-Kung Road, Sanmin District, Kaohsiung City 80778, Taiwan;4. Graduate Institute of Finance, National Pingtung University of Science and Technology, No. 1, Hseuhfu Road, Neipu, Pingtung 91201, Taiwan |
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| Abstract: | This paper documents the wage and consumption gap between private and public sector employees in India. We empirically investigate the wage gap as well as difference in consumption expenditure using household survey from the 2004-05 National Sample Survey of India. Our results show that despite a lower level of public sector income in some of the income quantiles, the consumption of durable goods is not different between these two groups, statistically. After checking for competing explanations, we conclude that the absence of statistically significant consumption gap could be an outcome of ‘unreported’ income earned by public sector workers in India. |
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| Keywords: | Unreported income Consumption Durable goods Quantile regression India |
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