Crime, efficiency of labour and trade: a theoretical analysis

Manash Ranjan Gupta and Priya Brata Dutta ()
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Manash Ranjan Gupta: Indian Statistical Institute
Priya Brata Dutta: Visva-Bharati University

Indian Economic Review, 2024, vol. 59, issue 1, No 4, 105-136

Abstract: 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.

Keywords: Anti-social; Labour; Efficiency; Fine; Punishment; Unemployment allowance; Factor intensity; Pattern of trade; National income (search for similar items in EconPapers)
JEL-codes: F60 J47 J64 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s41775-024-00213-3

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