We develop a model of endogenous skill-biased technical change in developing countries. The endogenous response to a rise in skill supply counters the traditional substitution effect and dampens its ...
Opinion
3dOpinion
India’s inequality problem won’t be solved by freebies—it needs long-term solutions
Cash transfers offer governments a quick, visible response to rising inequality, but they risk masking deeper distortions. As fiscal pressures mount, essential services suffer. To address wide gaps ...
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