The voluntary and community sector (VCS) has experienced unprecedented growth over the past two decades, and has come to play a central role within the UK’s welfare state. This growth has been driven predominantly by a sustained influx of statutory funding as part of the modern ‘contract...

This paper studies the dynamics of labour demand and the determinants of employment rates across the OECD. We find: (i) labour demand adjusts less rapidly when employment protection is more strict and union density is higher; (ii) there is no evidence that overall job turnover is influenced by...

Peter Davies in his paper outlines the major trends in the development of Japan's commercial shipping prior to World War I. The paper focusses in particular on the role played by the Japanese government, arguing that the promotion of the industry was undertaken primarily not for commercial, but...

This paper reviews the main characteristics of the provision, organization and financing of appprenticeship in a number of leading European countries - Austria, Denmark, France, Germany and the Netherlands. These are compared to current practice in Britain as exemplified by Modern...

How does monetary policy work? While one aspect of the investigation has focused on the behaviour of consumers, another has concentrated on the behaviour of companies faced with the kind of financial pressures associated with tight monetary policy. The general focus in this area is on the impact...

The initial years of transition in the Russian Federation have been characterised by relatively smaller falls in employment than in other reform-orientated countries of eastern Europe, despite the huge negative shock caused by the move from planned to market economy. Using information from two...

We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade...

This paper re-examines the economics of premodern apprenticeship in England. I present new data showing that a high proportion of apprenticeships in seventeenth century London ended before the term of service was finished. I then propose a new account of how training costs and repayments were...