Option Values, Switches And Wages - An Analysis Of The Employmentguarantee Scheme In India

Gaiha RaghavImai KatsushiScandizzo Pasquale Lucio
CEIS Working Papers
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
Number: 189
Date: Saturday, March 1, 2003
Revision Date: Saturday, March 1, 2003