Studies across a wide range of countries have shown that relatively few workers have received year-to-year wage cuts since the Second World War. However, there is very little micro-level evidence from earlier years, when lower inflation rates and a less regulated labour market may have led to...

This article re-examines the recent claim that the economic position of bank clerks was stable or improving during the late nineteenth and early twentieth centuries. Using rich data from Williams Deacon's Bank, Manchester and Liverpool District Bank, and Sheffield and Rotherham Bank, it is shown...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The number of empirical studies in personnel economics using administrative data has grown rapidly in recent years. We survey the use of administrative data to examine employment contracts. Specifically, we consider three types of data that have been widely...</p>

I estimate the effects of an education policy (Triple Science) in England aimed at increasing the take-up and attainment of young people in science subjects. I identify the effect of the policy by comparing two adjacent cohorts of pupils in schools that offer Triple Science to one cohort, but...

We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...

This paper presents, within a framework of the Solow model, evidence that there should be two different reasons for convergence. One is due to diminishing returns to capital and the other is due to technological diffusion. This paper shows that OECD and low income countries follow a pattern of...

We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...

This paper provides a comparative statics analysis of punishment in public-good experiments. We vary systematically the effectiveness of punishment, that is, the factor by which punishment reduces the punished player’s income, and we find that contributions to the public good increase...