Price Shocks, Job Choices, Labor Mobility and Earnings (with Tirthatanmoy Das)
This study examines workers in agricultural and non-agricultural sectors in India, focusing on how changes in the prices of goods and services impact their earnings and mobility across sectors. Using pre-demonetization monthly unit-level data on prime-age Indian male workers (25 - 64 years) from CHPS-CMIE (2015-2016) and price data from the Reserve Bank of India, this study applies IV-2SLS and the Normal Roy (Roy, 1951) model to decompose the direct impact and impact through selectivity on sectoral earnings. The direct effect resembles the well-known price-wage pass-through, where wage bargaining plays a major role. The selectivity effect reflects changes in sectoral earnings due to intersectoral labor mobility.
Presentations: Global Labor Organization (GLO) 2025 Conference Job Market Sessions (Online), Dec 2025
From Past Ventures to Present Success: Does Human Capital Drive Performance in Entrepreneurship?
The paper analyses the impact of accumulated experience, as a form of human capital, from habitual entrepreneurship on the performance of the current venture. This question highlights the interconnected roles of various stakeholders in the entrepreneurial ecosystem - policymakers, venture capitalists, accelerator programs, founders, and employees. By integrating concepts from entrepreneurship and human capital theory, the paper identifies an inverted-U-shaped causal relationship between prior venture experience and current venture revenue. It addresses endogeneity using Caetano et al.'s (2023) novel control function approach, distinguishing treatment effect from confounders through 'bunching' at zero average venture experience.
Presentations: Southern Economic Association 95th Annual Meeting, Nov 2025; Strategic Management Society Annual Conference, Oct 2025; Society for Economics Research in India Annual Workshop, July 2025 (Accepted); Academy of Management Annual Meeting, July 2025 (Accepted)
This paper examines how early motherhood affects women’s selection into occupations with high occupational greediness, those demanding long hours and inflexible schedules. Using 2020-2024 Current Population Survey microdata linked to O*NET, a continuous Greediness Index is constructed from standardized measures of time pressure, interpersonal demands, and decision-making autonomy.
Research Visit: with Kabir Dasgupta, Senior Economist, Federal Reserve Board of Governors, Washington, D.C. (Oct -Nov 2025)
G20 Sherpa and Finance Tracks: Commonalities and Opportunities published in RIS Policy Brief, Volume 100, December 2020 (with Dr. Priyadarshi Dash & Sonal Garg)
World Trade and Development Report 2021 published by RIS, 2021
Unpaid care work by women ; the missing link in analysis of gender gaps in labour outcomes published in Economic Times Government, 24th January 2022 (with Sonal Garg)