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Profit share and returns on capital stock in Italy: the role of privatisations behind the rise of the 1990s

Torrini, Roberto - London School of Economics (LSE) - 2005

Profit share in Italy has been growing between the mid-1970s and the mid-1990s, remaining stable at historically high levels since than. After dropping in the first half of the 1070s, owing to an unprecedented rapid rise in wages, profit share started to recover. The rise during the 1980s...

Persistent link: https://www.econbiz.de/10010745192

Changes in wage inequality

Machin, Stephen; Van Reenen, John - London School of Economics (LSE) - 2007

We examine trends in wage inequality in the US and other countries over the past four decades. We show that there has been a secular increase in the 90-50 wage differential in the US and the UK since the late 1970s. By contrast the 50-10 differential rose mainly in the 1980s and flattened or...

Persistent link: https://www.econbiz.de/10010746032

Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007

Labor’s share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...

Persistent link: https://www.econbiz.de/10010746486

Do women earn less even as social entrepreneurs?

Estrin, Saul; Stephan, Ute; Vujić, Sunčica - London School of Economics (LSE) - 2014

Based upon unique survey data collected using respondent driven sampling methods, we investigate whether there is a gender pay gap among social entrepreneurs in the UK. We find that women as social entrepreneurs earn 29% less than their male colleagues, above the average UK gender pay gap of...

Persistent link: https://www.econbiz.de/10011125986

Endogenous liquidity and contagion

Rahi, Rohit; Zigrand, Jean-Pierre - London School of Economics (LSE) - 2009

Market liquidity is typically characterized by a number of ad hoc metrics, such as depth, volume, bid-ask spreads etc. No general coherent denition seems to exist, and few attempts have been made to justify the existing metrics on welfare grounds. In this paper we propose a welfare-based...

Persistent link: https://www.econbiz.de/10010884503

A theory of strategic intermediation and endogenous liquidity

Rahi, Rohit; Zigrand, Jean-Pierre - London School of Economics (LSE) - 2007

Market liquidity is typically characterized by a number of ad hoc metrics, such as depth (or market impact), volume, intermediation costs (such as breadth) etc. No general coherent denition seems to exist, and few attempts have been made to justify the existing metrics on welfare grounds. In...

Persistent link: https://www.econbiz.de/10010745443

Market quality and contagion in fragmented markets

Rahi, Rohit; Zigrand, Jean-Pierre - London School of Economics (LSE) - 2013

Financial market liquidity has become increasingly fragmented across multiple trading platforms. We propose an intuitive welfare-based market quality metric that can properly aggregate local market conditions across both securities and trading venues. Our analysis rests on a general equilibrium...

Persistent link: https://www.econbiz.de/10011171758

Dynamic equilibrium with rare events and heterogeneous Epstein-Zin investors

Chabakauri, Georgy - London School of Economics (LSE) - 2015

We consider a general equilibrium Lucas (1978) economy with one consumption good and two heterogeneous Epstein-Zin investors. The output is subject to rare large drops or, more generally, can have non-lognormal distribution with higher cumulants. The heterogeneity in preferences generates excess...

Persistent link: https://www.econbiz.de/10011126596

Environmental policy and the economic downturn

Bowen, Alex; Stern, Nicholas - London School of Economics (LSE) - 2010

component of environmental policies and to start working through a backlog of public investment to improve the environment …

Persistent link: https://www.econbiz.de/10010744909

Without purpose and strategy?: a spatio-functional analysis of the regional allocation of public investment in Greece

Monastiriotis, Vassilis; Psycharis, Yiannis - London School of Economics (LSE) - 2011

We utilise a large database on public investment at the prefecture (NUTS-3) level in Greece for the period 1976-2008 to … examine the spatial and functional allocation of public investment in the country. We investigate the extent to which … expenditures in different types of public investment are complementary across space and over time and examine their redistributive …

Persistent link: https://www.econbiz.de/10010745865