parametrized in terms of relative variances, phase shifts, and coherence. The model is applied to a U.S. labour market data set. …

In 1974 Britain elected a Labour government pledged to expand public spending significantly. Labour followed its … examination of the political thinking within the 1970s Labour Party suggests that autonomous ideological changes were the most …

constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data … for UK manufacturing over 80 quarters we show that capital constraints became relatively more important during the 1980s … as industry failed to match the increase in labour flexibility with rising capital investment. …

identified - the power of capital over labour, the rise of 'oligarchs capitalism', the individualisation of economic conditions …

backgrounds. We propose that a disadvantaged background lowers desirability on the labour market, which matters more to employers … as the labour market tightens. When the local unemployment rate is high, young adults from a disadvantaged background are …

counter to the predictions of neoclassical labour supply theory. This owes to a fundamental difference in terms of theoretical … for the inclusion of work quality as a central factor in labour supply decisions. …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been … particularly severe in services as opposed to industry. Third, misallocation of both labour and capital dropped in all countries in …