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Incentives in Competitive Search Equilibrium

Moen, Espen R.; Rosen, A - Centre for Economic Performance, LSE - 2007

analyze the effect of changes in the macro economic variables on the wage contract and the unemployment rate. We find that … private information may increase the responsiveness of the unemployment rate to changes in productivity. The incentive power … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …

Persistent link: https://www.econbiz.de/10005151017

A Model of Aggregate Demand and Unemployment

Michaillat, Pascal; Saez, Emmanuel - Centre for Economic Performance, LSE - 2013

We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good … prices as parameters. We obtain the following results: (1) unemployment and unsold production prevail in equilibrium; (2 … and reduce unemployment. …

Persistent link: https://www.econbiz.de/10010682991

The Objective Benefits of Subjective Well-Being

Neve, Jan-Emmanuel De; Diener, Ed; Tay, Louis; Xuereb, Cody - Centre for Economic Performance, LSE - 2013

The aim of this paper is to survey the "hard" evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we...

Persistent link: https://www.econbiz.de/10010685645

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

The UK Labour Market and the 2008 - 2009 Recession

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

. Unemployment had reached its lowest levels for thirty years going in to the latest recession and has also remained relatively … subdued through the downturn, certainly compared to previous recessions. A combination of lower inflow rates into unemployment …

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

The Part-Time Pay Penalty

Manning, Alan; Petrongolo, Barbara - Centre for Economic Performance, LSE - 2005

too early to make a definitive assessment of the full impact of some of these regulations. The most effective way to …

Persistent link: https://www.econbiz.de/10005017042

Is There an Impact of Household Computer Ownership on Childrens Educational Attainment in Britain?

Schmitt, John; Wadsworth, Jonathan - Centre for Economic Performance, LSE - 2004

If personal computers (PCs) are used to enhance learning and information gathering across avariety of subjects, then a home computer might reasonably be considered an input in aneducational production function. Using data on British youths from the British HouseholdPanel Survey between 1991 and...

Persistent link: https://www.econbiz.de/10005151041

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 Interrelationship between HR, Strategy and Profitability in Service SMEs: Empirical Evidence from the UK Tourism Hospitality and Leisure Sector

Georgiadis, Andreas; Pitelis, Christos N. - Centre for Economic Performance, LSE - 2010

We investigate the strategies, HR attributes and their synergies that are associated with superior performance in service SMEs using data from the UK Tourism Hospitality and Leisure (THL) sector. A major advantage of our analysis is that our sample includes information also on very small firms...

Persistent link: https://www.econbiz.de/10008542756

Networks in the Premodern Economy: the Market for London Apprenticeships, 1600-1749

Leunig, Tim; Minns, Chris; Wallis, Patrick - Centre for Economic Performance, LSE - 2009

This paper examines the importance of social and geographical networks in structuring entry into skilled occupations in premodern London. Using newly digitised records of those beginning an apprenticeship in London between 1600 and 1749, we find little evidence that networks strongly shaped...

Persistent link: https://www.econbiz.de/10008476316