Similar Search Results

The UK productivity and jobs puzzle: does the answer lie in labour market flexibility?

Pessoa, João Paulo; Van Reenen, John - London School of Economics (LSE) - 2013

GDP per worker fell for the five years after 2008 which is unprecedented in post war UK history. In this paper we argue that “capital shallowing” (i.e. the fall in the capital-labour ratio) could be the main reason for this. This is likely to have occurred due to changes in factor prices: a...

Persistent link: https://www.econbiz.de/10011126109

The causal effects of an industrial policy

Criscuolo, Chiara; Martin, Ralf; Overman, Henry G.; Van … - London School of Economics (LSE) - 2012

Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects … for larger firms (e.g. over 150 employees). We also find the policy raises area level manufacturing employment mainly …

Persistent link: https://www.econbiz.de/10011126451

Inequality and opportunity: the return of a neglected debate

Machin, Stephen; Van Reenen, John - London School of Economics (LSE) - 2012

During this election period many Americans are feeling angry towards the very rich, especially those working in the financial sector, who helped cause the Great Recession and yet were bailed out by the government. Increases in inequality might be tolerable at a time of growing consumption for...

Persistent link: https://www.econbiz.de/10011125893