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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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
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container_end_page 317
container_issue 2
container_start_page 309
container_title Journal of public economics
container_volume 53
creator Dinwiddy, Caroline
Teal, Francis
description 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.
doi_str_mv 10.1016/0047-2727(94)90026-4
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source International Bibliography of the Social Sciences (IBSS); Backfile Package - Economics, Econometrics and Finance (Legacy) [YET]
subjects Cost benefit analysis
Economic models
Public economics
Shadow prices
Studies
Taxation
Wage price policy
Wage rates
title The shadow wage rate: Theory and application
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