Baland and Robinson (2000) investigate the conditions under which decisions by parents about their own children’s work are inefficient. Using a simple two-period model with altruistically linked family members, they show that child labor decisions are efficient when credit markets are perfect and intergenerational altruistic transfers are nonzero. Moreover, they show that when the level of chil...

The stock market, take-over bidders, executive pay setters, perhaps Stephen Littlechild himself, even last summer’s weather, all seem to have been undermining RPI–X price-cap regulation. Until recently, price-cap regulation was regarded as demonstrably superior to US-style rate-of-return regulation, and regulatory reform in several countries has embraced price-cap regulation. But in Britain, wh...

In a model with ex-ante homogenous households, income risk and a general earnings function, we derive an optimal labor tax rate and optimal education subsidies. It turns out that the distinction of risk-increasing or risk-decreasing education does not have much effect on the optimal tax rate, but is crucial for optimal education subsidies. Moreover, an optimal education policy allows for better...

High rates of corporate taxation reduce corporate investment and thereby depress local wages. Using cross-country data I estimate that a ten percentage point increase in the corporate tax rate of high-income countries reduces mean annual gross wages by seven percent. The results do not support the common belief that the burden of corporate taxes falls most heavily on skilled labor; corporate ta...

population growth and the needs for protein and dairy products has urged policy makers to pay attention to efficiency policies in the livestock sector. the objective of this study is to survey the factors affecting the income of milk production, to calculate cattlemen’s technical efficiency and to determine the factors affecting the technical efficiency in the northern khorasan province. the re...

technical efficiency of different sectors is important for economic policy making purposes. this study considering regions as independent decision-making units, measures technical efficiency of industrial sector for every region of the country and then examines its determinant factors.generally influential factors of efficiency are classified in two main groups. first group includes the basic e...

In the context of unsustainable urban growth patterns and employment difficulties, we examine impact shrinkage on labor investment efficiency by drawing idea difference-in-difference model. Using a sample Chinese firms from 2010 to 2019, our findings suggest that widespread occurrence in China was responsible for significant portion excessive most listed companies. These results are robust alte...