Previous modelling of the impact of disability on employment has failed to allow for a direct effect rendering some individuals capable of work. A model in which both a capacity and a desire for work are necessary conditions for employment is estimated from a sample of British disabled men....

This paper focuses on the determinants of aggregate investment spending in the UK for the industrial and commercial company (ICC) sector. It complements recent work by Cuthbertson and Gasparro (1995), who study an augmented Tobin's q model of investment in the manufacturing sector. Important...

The primary purpose of this paper is to investigate whether companies can use acquisition as a strategy to reduce their probability of takeover. A subsidiary issue is whether such a strategy has any impact on their subsequent probability of bankruptcy. The determinants of making an acquisition,...

I investigate evidence concerning two indicators of the pressure of work, namely work hours and the intensity of effort during work hours ("work effort"). Interest in both is motivated by efficiency and welfare considerations, but analysis is typically attenuated by poor measurement. I first...

A 2008 paper investigating the Regulatory Tax (RT) on office development in Britain (Cheshire & Hilber, 2008) provided evidence of very tight restrictions on office space going back at least 50 years. It was also argued that the RT measure tended to underestimate the full costs of restrictive...

The paper investigates the impact of different types of training on the mobility expectations of workers, using two new data sets, one of individuals the other of firms. The innovation is that the data incorporate measures of the degree of transferability of training, improved information on the...

There are two findings that are conspicuous in almost all studies of individual wage determination. First, standard cross-section wage equations rarely account for more than half of the total variance in earnings between individuals. Second, there are large and persistent inter-industry wage...

I investigate possible explanations for work intensification, using four British data sets. I conjecture that an important source of work intensification is effort-biased technical change (EBTC), which enhances the productivity of high effort workers relative to that of low effort workers. EBTC...

Supply subsidies to owners of rental housing construction are typically aimed at increasing the overall size of the housing stock or at guaranteeing affordable housing for low-income households. This paper studies whether and how much the tenants of the social housing units benefit from this...