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Collective Agreements, Wages and Restructuring in Transition

Magda, Iga; Marsden, David; Moriconi, Simone - Centre for Economic Performance, LSE - 2009

, wages and restructuring in transition in three former centrally planned economies (Czech Republic, Hungary and Poland). They … protect low skilled wages; whereas in late transition ones, firm level agreements increase medium and especially high skilled … adopt a natural experiment approach and capture the restructuring process triggered by the launch of transition by means of …

Persistent link: https://www.econbiz.de/10008476322

Employment, Inequality and the UK National Minimum Wage over the Medium-Term

Dolton, Peter; Rosazza-Bondibene, Chiara; Wadsworth, … - Centre for Economic Performance, LSE - 2010

This paper assesses the impact of the National Minimum Wage (NMW) on employment and inequality in the UK over the decade since its introduction in 1999. Identification is facilitated by using variation in the bite of the NMW across local labour markets and the different sized year on year up...

Persistent link: https://www.econbiz.de/10008694935

The UK Labour Market and the 2008 - 2009 Recession

Gregg, Paul; Wadsworth, Jonathan - Centre for Economic Performance, LSE - 2010

and fiscal policies during the recession, reductions in real producer wages and relatively buoyant real consumer wages …

Persistent link: https://www.econbiz.de/10010700448

The UK Productivity and Jobs Puzzle: Does the Answer Lie in Labour Market Flexibility?

Pessoa, Joao Paulo; Reenen, John Van - Centre for Economic Performance, LSE - 2013

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 …

Persistent link: https://www.econbiz.de/10010663542

Jobs in the recession

Gregg, Paul; Wadsworth, Jonathan - Centre for Economic Performance, LSE - 2010

The recession of 2008-09 inflicted a larger cumulative loss of UK output than any of the previous post-war recessions, yet there has been a relatively low loss of employment, at least so far. Paul Gregg and Jonathan Wadsworth look for an explanation.

Persistent link: https://www.econbiz.de/10009416226

Managerial Incentives and Compensation in a Global Market

Wu, Yanhui - Centre for Economic Performance, LSE - 2011

This paper embeds a principal-agent firm in an otherwise standard trade model a la Melitz (2003) to investigate the impact of globalization on the provision of managerial incentives and on the distribution of managerial compensation. Facing contractual frictions due to limited liability, firms...

Persistent link: https://www.econbiz.de/10009220234

A Simple Theory of Managerial Talent, Pay Contracts and Wage Distribution

Wu, Yanhui - Centre for Economic Performance, LSE - 2011

This paper develops a simple theory of pay structures and pay levels across heterogeneous agents by bringing together optimal contracts inside the firm and competitive resource allocation in the market. The central idea is that more talented people tend to create greater value but face larger...

Persistent link: https://www.econbiz.de/10009220237

Smart and Illicit: Who Becomes an Entrepreneur and Does it Pay?

Levine, Ross; Rubinstein, Yona - Centre for Economic Performance, LSE - 2013

We disaggregate the self-employed into incorporated and unincorporated to distinguish between "entrepreneurs" and other business owners. The incorporated self-employed have a distinct combination of cognitive, noncognitive, and family traits. Besides coming from higher-income families with...

Persistent link: https://www.econbiz.de/10010690205

In brief...'Smart and illicit': the making of a successful entrepreneur

Levine, Ross; Rubinstein, Yona - Centre for Economic Performance, LSE - 2013

Smart teenagers who engage in illicit activities are much more likely to become entrepreneurs, according to research by Ross Levine and Yona Rubinstein. But, they note, being self-employed doesn't necessarily make someone an entrepreneur: recognising this distinction has enabled them to detect...

Persistent link: https://www.econbiz.de/10010721420

The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: A Reassessment

Autor, David H.; Manning, Alan; Smith, Christopher L. - Centre for Economic Performance, LSE - 2010

We reassess the effect of state and federal minimum wages on U.S. earnings inequality, attending to two issues that …

Persistent link: https://www.econbiz.de/10009643566