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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

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …

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

Denis Sargan: some perspectives

Robinson, Peter M. - London School of Economics (LSE) - 2002

We attempt to present Denis Sargan's work in some kind of historical perspective, in two ways. First, we discuss some previous members of the Tooke Chair of Economic Science and Statistics, which was founded in 1859 and which Sargan held. Second, we discuss one of his artices 'Asymptotic Theory...

Persistent link: https://www.econbiz.de/10010884641

New Evidence on the Remedies of the Greek Sovereign Debt Problem

APERGIS, Nicholas; COORAY, Arusha - London School of Economics (LSE) - 2013

The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...

Persistent link: https://www.econbiz.de/10010735153

New evidence on the remedies of the Greek sovereign debt problem

Apergis, Nicholas; Cooray, Arusha - London School of Economics (LSE) - 2013

Persistent link: https://www.econbiz.de/10010745161

Portfolio credit risk of default and spread widening

Zhao, Hongbiao - London School of Economics (LSE) - 2011

This paper introduces a new model for portfolio credit risk incorporating default and spread widening in a simple and consistent framework. Credit spreads are modelled by geometric Brownian motions with a dependence structure powered by a t-copula. Their joint evolution drives the spreads...

Persistent link: https://www.econbiz.de/10010745286

The importance of relative performance feedback information: evidence from a natural experiment using high school students

Azmat, Ghazala; Iriberri, Nagore - London School of Economics (LSE) - 2009

We study the effect of providing relative performance feedback information on performance under piece-rate incentives. A natural experiment that took place in a high school offers an unusual opportunity to test this effect in a real-effort setting. For one year only, students received...

Persistent link: https://www.econbiz.de/10010745523

The marginal income effect of education on happiness: estimating the direct and indirect effects of compulsory schooling on well-being in Australia

Lekfuangfu, Warn N.; Powdthavee, Nattavudh; Wooden, Mark - London School of Economics (LSE) - 2013

Many economists and educators favour public support for education on the premise that education improves the overall well-being of citizens. However, little is known about the causal pathways through which education shapes people’s subjective well-being (SWB). This paper explores the direct...

Persistent link: https://www.econbiz.de/10010745752

Gender differences in response to big stakes

Azmat, Ghazala; Calsamiglia, Caterina; Iriberri, Nagore - London School of Economics (LSE) - 2014

In the psychology literature, “choking under pressure” refers to a behavioural response to an increase in the stakes. In a natural experiment, we study the gender difference in performance resulting from changes in stakes. We use detailed information on the performance of high-school...

Persistent link: https://www.econbiz.de/10011126420

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

Competition and incentives with motivated agents

Besley, Timothy; Ghatak, Maitreesh - London School of Economics (LSE) - 2003

A unifying theme in the literature on organizations such as public bureaucracies and private non-profits is the importance of missions, as opposed to profit, as an organizational goal. Such mission-oriented organizations are frequently staffed by motivated agents who subscribe to the mission....

Persistent link: https://www.econbiz.de/10010745867