Debate on the issue of executive pay has intensified after the UK Government published a Green Paper in November 2016 (Green Paper), which discussed, among other things, several concerns with the current regime on executive pay and possible options for reform. In view of the potentially...

We study the opportunistic political budget cycle in the London Metropolitan Boroughs between 1902 and 1937 under two different suffrage regimes: taxpayer suffrage (1902-1914) and universal suffrage (1921-1937). We argue and find supporting evidence that the political budget cycle operates...

We present identification and estimation results for the "collective" model of labour supply in which there are discrete choices, censoring of hours and nonparticipation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied by...