1.
Manoj Kumar Sharma
– Professor, University Business School, Panjab University, Chandigarh.
2.
Poonam Sharma
– Professor, University Business School, Panjab University, Chandigarh.
Abstract
The paper aims at analyzing the
trend of compensation to the workers
and employees in Indian
manufacturing sector. The data
for this study is collected from
Annual Survey of Industries 2014-
15 published in 2017 by Central
Statistical Office. The function
distribution of income theory approach
has been used as the basis
to design this paper. The comparative
analysis of pre-reform
and post-reform data has been
done using dummy variable regression
to check the structural
break in series due to 1991 reforms.
The major finding of this
paper is that the profits have increased
more than the other factors
of production. On the contrary,
the compensation paid to
employees and workers has gone
down drastically.
