Indian Journal of Industrial Relations: Economics & Social Dev.

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Paradigm Shift in Compensation to Workers in Indian Manufacturing-Role of LPG Policies


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1 University Business School, Panjab University, Chandigarh, India
     

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The paper aims at analyzing the trend of compensation to the workers and employees in Indian manufacturing sector. The data for this study is collected from Annual Survey of Industries 2014- 15 published in 2017 by Central Statistical Office. The function distribution of income theory approach has been used as the basis to design this paper. The comparative analysis of pre-reform and post-reform data has been done using dummy variable regression to check the structural break in series due to 1991 reforms. The major finding of this paper is that the profits have increased more than the other factors of production. On the contrary, the compensation paid to employees and workers has gone down drastically.
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  • Paradigm Shift in Compensation to Workers in Indian Manufacturing-Role of LPG Policies

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Authors

Manoj Kumar Sharma
University Business School, Panjab University, Chandigarh, India
Poonam Sharma
University Business School, Panjab University, Chandigarh, India

Abstract


The paper aims at analyzing the trend of compensation to the workers and employees in Indian manufacturing sector. The data for this study is collected from Annual Survey of Industries 2014- 15 published in 2017 by Central Statistical Office. The function distribution of income theory approach has been used as the basis to design this paper. The comparative analysis of pre-reform and post-reform data has been done using dummy variable regression to check the structural break in series due to 1991 reforms. The major finding of this paper is that the profits have increased more than the other factors of production. On the contrary, the compensation paid to employees and workers has gone down drastically.

References