have occurred due to changes in factor prices: a large fall in real wages and increases in the cost of capital. In previous … recessions real wages did not fall, but reforms to union strength and welfare have made wages more sensitive to negative demand … misallocation. The fall in labour productivity is therefore likely to reverse if demand improves - e.g. through stronger monetary or …

The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years …. A central problem in the literature is that firm performance is affected by two countervailing "spillovers": a positive … effect from technology (knowledge) spillovers and negative business stealing effects from product market rivals. We develop a …

productivity in the public sector using a new panel data set of police departments covering 1987-2003. While IT adoption is …-level characteristics and the endogeneity of IT use. IT investments do, however, appear to improve police productivity when complemented …

: the distinction between the displacement, productivity and amenity effects of immigration; the issues that arise in using …

domestic workers to reflect differences in labour productivity. However, using panel data on worker-firm matches in a single … only partially accounted for by individual labour productivity. We show that the differential partly reflects the superstar …

much displacement of UK workers or lower wages, on average. Immigrants, especially in recent years, tend to be younger and …

still not, on average, materialised. It is hard to find evidence of much displacement of UK workers or lower wages, on …