This paper investigates the relationship between trade unions and financial performance using British establishment-level data. The authors estimate the average overall impact of manual union recognition in 1990 to be roughly half what it was in 1984. They report results suggesting that in 1990...

A dynamic job search model which allows us to distinguish various effects, such as 'offer' probability effects and leisure effects, on an individual's behavior is presented and estimated. We find that: (1) there is disutility from being unemployed, especially after the first three months of...

This paper investigates possible spillover effects of the UK minimum wage. The halt in the growth in inequality in the lower half of the wage distribution (as measured by the 50:10 percentile ratio) since the mid-1990s, in contrast to the continued inequality growth in the upper half of the...

We estimate dynamic panel data models of unemployment incidence for men using the British Household Panel Survey. Econometric issues concerning unobserved individual heterogeneity, genuine state dependence, and the initial conditions problems are addressed in detail. We find strong evidence of...