The extension of information and communication technologies to economic activity is changing the labour market in important ways. This article shows that computerization and use of the Internet are associated with greater hours worked as well as higher wages; that IT occupations are rapidly...

This paper proposes new performance decomposition measures that allow one to analyse the sources of returns on the international equity holdings of a large cross-section of UK pension funds. Our results suggest that the pension funds earned negative returns both from international market timing...

This grant was to support research into nonlinear dynamics in space and time of highly variable populations. The project started in February 1999 at the University of Kent at Canterbury. Due to the change of employment of both Tong and Yao, the grant was transferred to the London School of...

This paper tries to provide a simple explanation for the empirical finding, documented here and also by Hau, Killeen and Moore (2002), that spreads in the spot USD/EUR market are substantially higher than those in the preceding DEM/USD foreign exchange market. The paper argues that it is...

We present a model of succession in a firm controlled and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...

This paper considers to what extent union decline in Britain has been characterised by convergence or divergence in union membership rates for people with different personal and job characteristics. It compares data on individual union membership in 1975, from a period when union membership was...

Increasingly, regulation is being seen as 'decentred' from the state, and even from the well recognised forums of self-regulation. A decentred analysis has several strands, and seeing the nature and problems of regulation from a decentred perspective can be very stimulating. It opens up the...

In its proposals for achieving a better `work-life balance' for Britain's working families, the New Labour government is also seeking to balance the interests of business against the needs of families. This article argues that the economic policy `trilemma' resulting from economic globalisation...

This paper investigates growth differences in the urban system of the EU12. Alternative dependent variables – growth in population and real GDP per capita – are analysed and instructive differences emerge. The US model which assumes perfect factor mobility does not seem well adapted to...