Suchergebnisse

AbstractIn this paper, we provide a general equilibrium analysis of corporate profit tax on income distribution, unemployment, and wage inequality. With firm dynamics in industrial sector, we identify a new channel through which profit tax affects income and wage inequality: profit tax cut will widen not only the wage gap between skilled and unskilled labor, but also exacerbate the wage inequality of unskilled labor among different sectors. The welfare effect of profit tax cut depends on unemployment deepening (labor‐distortion effect) and more manufacturing firms enter the market (business‐creation effect), eroding the market share of incumbent firms (business‐stealing effect).

AbstractIn this paper, we study the impacts of cross‐ownership structure on double marginalization problem (DMP) and social welfare under downstream the Bertrand and Cournot competition. We find that in the Bertrand competition, DMP is more serious under backward cross‐ownership than under forward cross‐ownership. Under forward cross‐ownership, because the upstream firm internalizes part of a retailer's profit, it alleviates the DMP. However, for the whole society, forward cross‐ownership is beneficial with respect to backward cross‐ownership. The mark‐up ratio under forward cross‐ownership is the largest, followed by that under vertical separation. The lowest one is under backward cross‐ownership. The results hold under Cournot competition as well.

AbstractAlthough several studies have highlighted a significant association between parent-adolescent attachment and well-being in normal adolescents, studies exploring this relationship among hearing-impaired adolescents are scarce. The current study examined the association of parent-adolescent attachment with well-being and the underlying mechanism of this relationship among Chinese hearing-impaired students. A total of 512 hearing-impaired students from eight special education centers and schools (female: n = 223; mean age = 17.28 years) were recruited for this study and completed self-report measures of parent-adolescent attachment, resilience, emotional and behavioral problems, and well-being. The results found that for Chinese hearing-impaired students: (1) There was a significant positive correlation between parent-adolescent attachment and well-being. (2) Even after controlling for the effect of gender, parent-adolescent attachment was a significant predictor of well-being. (3) Resilience mediated the relationship between parent-adolescent attachment and well-being. Furthermore, emotional and behavioral problems moderated this relationship. These findings had broad implications in the field of well-being in hearing-impaired adolescents. It suggested that developing secure parent-adolescent attachment, improving resilience, and reducing emotional and behavioral problems could help improve the hearing-impaired students' well-being.