The relationship between training and firm-level employment adjustment given an unanticipated fall in product demand has been central to human capital theory. The most cataclysmic negative output shock occurred in 1929/30. At this time, easily the most important source of United Kingdom general...

Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individual-level data taken from the...

Basing our empirical work on the British New Earnings Survey Panel Data between 1990 and 1996, we show that overtime hours of male workers contain significant individual effects. We also show that using suitable techniques to deal with the lagged overtime variable serves to alter radically the...

On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time...

On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time...

The British engineering industry experienced extreme production and employment pressures during the rearmament period that preceded the Second World War and in the early war years. Did it react by placing a greater emphasis on incentive-compatible payment methods? This paper examines the...

The British engineering industry experienced extreme production and employment pressures during the rearmament period that preceded the Second World War and in the early war years. Did it react by placing a greater emphasis on incentive-compatible payment methods? This paper examines the...

On their intensive margins, firms in the British engineering industry adjusted to the severe falls in demand during the 1930s Depression by cutting hours of work. This provided an important means of reducing labour input and marginal labour costs, through movements from overtime to short-time...

The British engineering industry experienced extreme production and employment pressures during the rearmament period that preceded the Second World War and in the early war years. Did it react by placing a greater emphasis on incentive-compatible payment methods? This paper examines the...

The British engineering industry experienced extreme production and employment pressures during the rearmament period that preceded the Second World War and in the early war years. Did it react by placing a greater emphasis on incentive-compatible payment methods? This paper examines the...