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The systems of income taxation and income support and their impact on labour supply is a matter for vigorous debate by academic economists, policy advisers, politicians and the man in the street. The debate continues because of ignorance of the magnitude of the parameters that determine the underlying trade-off between equity and efficiency and because of differences in individuals' views about the relative importance of equity vs efficiency. This book concentrates on the relationship between economic theory, econometric practice and policy analysis, and is based on recent microeconometric research by the authors into labour supply and household welfare. The authors explain the theories underpinning the equity/efficiency trade-off, outline econometric techniques for estimating labour supply functions, and examine the methodological issues involved when such behavioural models are used.
Publisher: John Wiley and Sons Ltd
Number of pages: 208
Dimensions: 229 x 152 mm
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