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Barriers to pension scheme participation in small and medium sized enterprises
Byrne, Alistair; Harrison, Debbie; Blake, David - London School of Economics (LSE) - 2004
interviews with individuals from a wide range of organisations active in the pensions market for these companies to shed light on … employed. We find that many finance directors are sceptical of the benefits of providing pensions for their employees and … providers are reluctant to promote pensions in companies where they perceive the management to be unsupportive and where there …
Persistent link: https://www.econbiz.de/10010745490
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Performance of personal pension schemes in the UK
Gregory, Alan; Tonks, Ian - London School of Economics (LSE) - 2004
This paper examines the performance of personal pensions (exempt unit trusts) in the UK 1980-2000. Unitised personal …
Persistent link: https://www.econbiz.de/10010745854
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Labor and the market value of the firm
Merz, Monika; Yashiv, Eran - London School of Economics (LSE) - 2005
What role does labor play in a firm’s market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction...
Persistent link: https://www.econbiz.de/10010745844
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Structural models of the wage curve estimated by panel data and cross-section regressions
Gerba, Eddie; Pikoulakis, Emmanuel V.; Wisniewski, … - London School of Economics (LSE) - 2014
Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the...
Persistent link: https://www.econbiz.de/10011126124
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Fiscal consolidation during a depression
Bagaria, Nitika; Holland, Dawn; Van Reenen, John - London School of Economics (LSE) - 2012
In 2009-10, the UK's budget deficit was about 11 per cent of GDP. A credible plan for fiscal consolidation was introduced in the UK over the fiscal years 2011-12 to 2016-17. In this paper, we assess the impact of the scale and timing of this fiscal consolidation programme on output and...
Persistent link: https://www.econbiz.de/10011071507
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Intergenerational mobility and the informative content of surnames
Guell, Maia; Rodriguez Mora, Jose V.; Telmer, Chris - London School of Economics (LSE) - 2007
We propose an alternative method for measuring intergenerational mobility. Traditional methods based on panel data provide measurements that are scarce, difficult to compare across countries and almost impossible to get across time. In particular this means that we do not know how...
Persistent link: https://www.econbiz.de/10010745789
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New-keynesian or RBC transmission? The effects of fiscal shocks in labour markets
Pappa, Evi - London School of Economics (LSE) - 2005
We study the mechanics of transmission of fiscal shocks to labour markets. We characterize a set of robust implications following government consumption, investment and employment shocks in a RBC and a New- Keynesian model and use part of them to identify shocks in the data. In line with the...
Persistent link: https://www.econbiz.de/10010928790
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James Tobin : an appreciation of his contribution to economics
Buiter, Willem H. - London School of Economics (LSE) - 2003
Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation. Tobin’s influence on macroeconomic theory is so pervasive - so much part of our professional ‘acquis’ - that...
Persistent link: https://www.econbiz.de/10011071326
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A theory of countercyclical government multiplier
Michaillat, Pascal - London School of Economics (LSE) - 2012
I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent to 8 percent. This multiplier indicates the additional number of workers employed when one worker is hired in the public sector. Graphically, in equilibrium, an upward-sloping...
Persistent link: https://www.econbiz.de/10010745284
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Sex in older age in rural Malawi
Freeman, Emily; Coast, Ernestina - London School of Economics (LSE) - 2014
this setting as a field in which broader understandings of ageing, aged identities, and conceptions of person- or adulthood … ageing body was constructed as a weakened body, incompatible with understandings of adulthood based on physical productivity … constructions of ageing and sex can influence complex experiences of marital and non-marital sex in older age. We contribute to …
Persistent link: https://www.econbiz.de/10011125959