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Covid19 and Fiscal Policy for Unpaid Care Economy

Chakraborty, Lekha S (2022): Covid19 and Fiscal Policy for Unpaid Care Economy.

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Abstract

Against the backdrop of covid19 pandemic, measuring unpaid care economy is significant to capture the roles and well-being of men and women. This paper analyses the unpaid care sector in India using the recent Time Use Survey 2020 and explores the fiscal policy measures to address the sector. Time poverty affects income poverty. The evidence from the time use survey across Indian States revealed the gender and geographic differentials in the time use pattern across men and women. The allocation and efficiency of nonmarket working time in the unpaid care economy is important for economic growth along with market working time. As the macro policies are constructed only on the basis of market economy, the nonmarket work in the unpaid care economy continues to remain statistically invisible. The link between fiscal policy and time allocation suggest that worsening public infrastructure investment affects the market work with evident gender differentials. The broad conclusion is that fiscal policies designed to redress income poverty can be partial if they do not take into account the aspects of time poverty.

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