The shadow wage rate: Theory and application

This paper investigates the relationship between recent theoretical work on the shadow wage rate in a tax-distorted economy and the border-price equivalent methods, recommended by Little and Mirrlees and widely used in project appraisal manuals and empirical applications.

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Bibliographic Details
Published in:Journal of public economics 1994-02, Vol.53 (2), p.309-317
Main Authors: Dinwiddy, Caroline, Teal, Francis
Format: Article
Language:English
Subjects:
Cost benefit analysis
Economic models
Public economics
Shadow prices
Studies
Taxation
Wage price policy
Wage rates
Online Access:Get full text
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Description
Summary:This paper investigates the relationship between recent theoretical work on the shadow wage rate in a tax-distorted economy and the border-price equivalent methods, recommended by Little and Mirrlees and widely used in project appraisal manuals and empirical applications.
ISSN:0047-2727
1879-2316
DOI:10.1016/0047-2727(94)90026-4