Crime, efficiency of labour and trade: a theoretical analysis
Article Type
Research Article
Publication Title
Indian Economic Review
Abstract
We present a two-sector efficiency wage model of a small open economy in this paper where efficiency of labour not only varies positively with the wage rate and unemployment rate but also varies inversely with the volume of anti-social activity. We analyse how changes in factor endowments affect unemployment rate, size of the anti-social sector, level of output of two sectors, pattern of trade, and level of national income of the country. We also analyse how anti-crime policies, i.e., the punishment policies for anti-socials and unemployment allowances policies affect unemployment rate, output composition, pattern of trade, and the level of national income.
First Page
105
Last Page
136
DOI
10.1007/s41775-024-00213-3
Publication Date
6-1-2024
Recommended Citation
Gupta, Manash Ranjan and Dutta, Priya Brata, "Crime, efficiency of labour and trade: a theoretical analysis" (2024). Journal Articles. 4691.
https://digitalcommons.isical.ac.in/journal-articles/4691