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Mayraz, Guy - Centre for Economic Performance, LSE - 2011

This paper offers a simple but powerful model of wishful thinking, cognitive dissonance, and related biases. Choices maximize subjective expected utility, but beliefs depend on the decision maker's interests as well as on relevant information. Simplifying assumptions yield a representation in...

Persistent link: https://www.econbiz.de/10008854562

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 … adopt a natural experiment approach and capture the restructuring process triggered by the launch of transition by means of … agreements depends on restructuring and its timing in the transition. In early-middle transition firms, industry level agreements …

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

Crime Scars: Recessions and the Making of Career Criminals

Bell, Brian; Bindler, Anna; Machin, Stephen - Centre for Economic Performance, LSE - 2014

Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job matches that have a sustained detrimental effect on their wages and career...

Persistent link: https://www.econbiz.de/10010796529

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

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

Falling real wages

Blanchflower, David; Machin, Stephen - Centre for Economic Performance, LSE - 2014

The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What's more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might...

Persistent link: https://www.econbiz.de/10010765689

Tackling long-term unemployment

Petrongolo, Barbara - Centre for Economic Performance, LSE - 2014

Barbara Petrongolo surveys the research evidence on the effectiveness of the 'sticks' and 'carrots' of active labour market policies.

Persistent link: https://www.econbiz.de/10010774266

Unemployment and domestic violence

Anderberg, Dan; Rainer, Helmut; Wadsworth, Jonathan; … - Centre for Economic Performance, LSE - 2014

unemployment - and these have had contrasting effects on the level of physical abuse. …

Persistent link: https://www.econbiz.de/10010774270