Job Markets that Work: Challenges of Match-Making in an Emerging Economy
27 Pages Posted: 26 Apr 2015
Date Written: April 22, 2014
Despite two decades of high economic growth and a growing supply of young, educated workers, the Indian economy faces considerable challenges in matching the right kinds of workers with the right kinds of jobs. Drawing heavily on the latest economics research, this paper examines the reasons behind these challenges, focusing on asymmetric information and the mismatch in geography and skills. We suggest remedies, either in the form of market innovation or state policy.
Keywords: job markets, India
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