Food Prices, Wages, and Welfare in Rural India

With soaring food prices in recent years has come alarm about rising poverty in the developing world. Less appreciated, however, is that many of the poor in agricultural economies may benefit from higher wages. This study finds that wages for manual labor in rural India, both within and outside agri...

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Bibliographic Details
Main Author:	Jacoby, Hanan G.
Format:	Journal Article
Language:	en_US
Published:	Wiley 2015
Subjects:	food security agricultural prices food commodity prices income
Online Access:	http://hdl.handle.net/10986/22719

id	okr-10986-22719
recordtype	oai_dc
spelling	okr-10986-227192021-04-23T14:04:10Z Food Prices, Wages, and Welfare in Rural India Jacoby, Hanan G. food security agricultural prices food commodity prices income With soaring food prices in recent years has come alarm about rising poverty in the developing world. Less appreciated, however, is that many of the poor in agricultural economies may benefit from higher wages. This study finds that wages for manual labor in rural India, both within and outside agriculture, rose faster in districts growing more of those crops with large producer price run-ups over the 2004–2009 period. Based on a general equilibrium framework that accounts for such wage gains, rural households across the income spectrum are found, contrary to more conventional welfare analysis, to benefit from higher agricultural prices. For non-commercial use in accordance with Wiley Terms and Conditions at http://olabout.wiley.com/WileyCDA/Section/id-820227.html 2015-10-01T21:09:18Z 2015-10-01T21:09:18Z 2015-06-18 Journal Article Economic Inquiry 0095-2583 http://hdl.handle.net/10986/22719 en_US For non-commercial use in accordance with Wiley Terms and Conditions http://olabout.wiley.com/WileyCDA/Section/id-820227.html World Bank Wiley Publications & Research Publications & Research :: Journal Article India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	food security agricultural prices food commodity prices income
spellingShingle	food security agricultural prices food commodity prices income Jacoby, Hanan G. Food Prices, Wages, and Welfare in Rural India
geographic_facet	India
description	With soaring food prices in recent years has come alarm about rising poverty in the developing world. Less appreciated, however, is that many of the poor in agricultural economies may benefit from higher wages. This study finds that wages for manual labor in rural India, both within and outside agriculture, rose faster in districts growing more of those crops with large producer price run-ups over the 2004–2009 period. Based on a general equilibrium framework that accounts for such wage gains, rural households across the income spectrum are found, contrary to more conventional welfare analysis, to benefit from higher agricultural prices. For non-commercial use in accordance with Wiley Terms and Conditions at http://olabout.wiley.com/WileyCDA/Section/id-820227.html
format	Journal Article
author	Jacoby, Hanan G.
author_facet	Jacoby, Hanan G.
author_sort	Jacoby, Hanan G.
title	Food Prices, Wages, and Welfare in Rural India
title_short	Food Prices, Wages, and Welfare in Rural India
title_full	Food Prices, Wages, and Welfare in Rural India
title_fullStr	Food Prices, Wages, and Welfare in Rural India
title_full_unstemmed	Food Prices, Wages, and Welfare in Rural India
title_sort	food prices, wages, and welfare in rural india
publisher	Wiley
publishDate	2015
url	http://hdl.handle.net/10986/22719
_version_	1764452063265161216

Food Prices, Wages, and Welfare in Rural India

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