Seasonality and Wage Responsiveness in a Developing Agrarian Economy
研究印度中部农村日薪农业劳动力市场的工资响应性，发现劳动力市场在雨季均衡、旱季供过于求，驳斥了向后弯曲供给曲线等观点。
Abstract This paper studies the wage responsiveness of labour supply and demand, simultaneously addressing the twin issues of the non‐clearing of developing rural labour markets and seasonality. It employs a data set pertaining to south‐central India, and limits itself to the agricultural market for daily‐rated labour (by far the predominant form of wage contract in the sample villages). Estimating a theoretically robust and empirically justified disequilibrium model of the agricultural labour market, we find no evidence of backward‐bending supply curves or ‘vertical’ demand curves, contrary to findings in the literature. Further, while the agricultural labour market appears to be in equilibrium during the kharif (or rainy) season, it manifests excess supply in the rabi (or post‐rainy) season.