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Incentives in the Public Sector: Some Preliminary Evidence from a UK Government Agency

Burgess, Simon; Propper, Carol; Ratto, Marisa; Tominey, Emma - C.E.P.R. Discussion Papers - 2003

This Paper evaluates the impact of a team-based incentive scheme piloted in the public sector agency, Jobcentre Plus. The way the scheme has been designed raises many questions for which theory makes predictions. We test these predictions against our data. We find that team size affects the...

Persistent link: https://www.econbiz.de/10005498005

Incentives in the Public Sector: Evidence from a Government Agency

Burgess, Simon; Propper, Carol; Ratto, Marisa; Tominey, Emma - C.E.P.R. Discussion Papers - 2012

This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot scheme of incentives in a major government agency. The incentive scheme was based on teams and covered quantity and quality targets, measured with varying degrees of precision. We...

Persistent link: https://www.econbiz.de/10011084487

Public Sector Pay and Corruption: Measuring Bribery from Micro Data

Gorodnichenko, Yuriy; Sabirianova Peter, Klara - C.E.P.R. Discussion Papers - 2006

This study is the first to provide a systematic measure of bribery using micro-level data on reported earnings, household spending and asset holdings. We use the compensating differential framework and the estimated sectoral gap in reported earnings and expenditures to identify the size of...

Persistent link: https://www.econbiz.de/10005791634

Wage Structure and Public Sector Employment: Sweden versus the United States 1970-2002

Domeij, David; Ljungqvist, Lars - C.E.P.R. Discussion Papers - 2006

Swedish census data and tax records reveal an astonishing wage compression; the Swedish skill premium fell by more than 30 percent between 1970 and 1990 while the U.S. skill premium, after an initial decline in the 1970s, rose by 8-10 percent. Since then both skill premia have increased by...

Persistent link: https://www.econbiz.de/10005661889

Unemployment and Inflation in Ireland: 1926-2012

Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …

Persistent link: https://www.econbiz.de/10011272719

Animal Spirits, Persistent Unemployment and the Belief Function

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2010

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model; the optimizing IS curve and the policy rule. It...

Persistent link: https://www.econbiz.de/10008692320

The Evolution of Aggregate Stock Ownership---A Unified Explanation

Rydqvist, Kristian; Spizman, Joshua; Strebulaev, Ilya - C.E.P.R. Discussion Papers - 2009

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with...

Persistent link: https://www.econbiz.de/10004969127

Short-Term Inflation Projections: a Bayesian Vector Autoregressive approach

Giannone, Domenico; Lenza, Michele; Momferatou, Daphne; … - C.E.P.R. Discussion Papers - 2010

accurate forecasts. We use the model to study the pass-through of an oil shock and to study the evolution of inflation during …

Persistent link: https://www.econbiz.de/10008468558

When the North Last Headed South: Revisiting the 1930s

Reinhart, Carmen M.; Reinhart, Vincent - C.E.P.R. Discussion Papers - 2010

The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...

Persistent link: https://www.econbiz.de/10008468628

Growth in a Time of Debt

Reinhart, Carmen M.; Rogoff, Kenneth - C.E.P.R. Discussion Papers - 2010

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on … roughly cut in half. Third, there is no apparent contemporaneous link between inflation and public debt levels for the … advanced countries as a group (some countries, such as the United States, have experienced higher inflation when debt/GDP is …

Persistent link: https://www.econbiz.de/10008468655

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