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There are strong links between the performance of US manufacturing plants and the quality of their systems of monitoring, targets and incentives, according to research by Professor Nicholas Bloom and colleagues. Their analysis of data on more than 30,000 establishments, gathered in the first...
Persistent link: https://www.econbiz.de/10010765686
The telegraph was the Victorian equivalent of today's 'big data', helping firms to forecast future demand. Analysing such unique historical 'experiments' helps understand how firms and markets respond when new technology leads to a dramatic change in the availability of information.
Persistent link: https://www.econbiz.de/10010765687
Technology has transformed the once powerful office of ambassador into a glorified sales position, while nurses, teaching assistants and medical technicians all benefit from the ICT revolution. According to an empirical study by Professor John Van Reenen and colleagues, these contrasting...
Persistent link: https://www.econbiz.de/10010765688
The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What's more, the long US experience of stagnant real wages (median real weekly earnings in the United States in 2013 were at about the same level as in 1979) might...
Persistent link: https://www.econbiz.de/10010765689
The UK's national minimum wage has tackled extreme low pay - but the wider problem of low pay remains as serious as ever. That is one of the conclusions of Professor Alan Manning in a discussion of the growing popularity of minimum wages as a way of tackling inequality - and the likelihood that...
Persistent link: https://www.econbiz.de/10010765690
Britain's crisis of housing affordability is nothing to do with foreign speculators, according to Paul Cheshire. Rather, it is a result of decades of misguided planning policies that constrain the supply of land and turn houses into something like gold or artworks. Houses have been converted...
Persistent link: https://www.econbiz.de/10010765691
Lab experiments are an increasingly valuable tool for understanding differences in how men and women are treated in the labour market. Dr Ghazala Azmat and Professor Barbara Petrongolo explore what has been learned about the extent to which differences in men and women's pay and employment...
Persistent link: https://www.econbiz.de/10010765692
During periods of strong economic growth, migration is and has always been important for filling gaps in the labour market. On balance, the evidence for the UK labour market suggests that fears about adverse consequences of rising immigration in general and EU immigration in particular have...
Persistent link: https://www.econbiz.de/10010772552
Since a speech by the Prime Minister in January 2013 , the Conservative party has been committed to holding a referendum on the UK's membership of the European Union (EU) in 2017. So this is a good moment to consider what would be the likely economic effects on the UK from such a move (commonly...
Persistent link: https://www.econbiz.de/10010772553
Olivier Marie explains the value of an economic approach to the analysis, design and evaluation of crime-fighting policies.
Persistent link: https://www.econbiz.de/10010774263