Research suggests that, at the levels set in countries like the US and the UK, minimum wages have little effect on employment but do have impacts on wage inequality. However we lack models that can explain these facts – this paper presents one based on imperfect labour markets. The paper also...

This paper is aimed at anyone who is interested in the role of media as an influence on power and policy. It especially about the role of news journalism, NGOs and other activists who use communication for change. It looks at the context for those actors and their actions. It asks how much the...

Social identity is increasingly accepted as a key concept underpin- ning the endogeneity of economic behaviour and preferences. This feature is especially important in explaining redistribution preferences as well as attitudes towards redistribution and pro-social behaviour. This paper carries...

All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...

The Belo Monte hydropower scheme on the River Xingu in Brazilian Amazonia symbolizes the persistent contradictions between industrial modernization and resource conservation in a fragile environment. For over 30 years, local populations have battled with the energy authorities, contesting the...

Nonresponse is a major source of estimation error in sample surveys. The response rate is widely used to measure survey quality associated with nonresponse, but is inadequate as an indicator because of its limited relation with nonresponse bias. Schouten et al. (2009) proposed an alternative...

Non-communicable diseases account for more than 50% of deaths in adults aged 15–59 years in most low income countries. Depression and diabetes carry an enormous public health burden, making the identification of risk factors for these disorders an important strategy. While socio-economic...

On 9 December 2011 a new Belgian government was sworn in after a record-breaking 541 days of negotiations between all democratic political forces with the aim to alter the constitution and provide more autonomy to the different regions that make up Belgium. In this article, the frequent use of...

Greece in 1928 viewed the anchoring to the Gold Exchange Standard as the imperative choice of the time in order to implant financial credibility and carry over an ambitious plan of reforms to modernise the economy. But after the pound sterling exited the system in 1931, Greece, instead of...

Volatility risk premia compensate agents for holding assets whose payoffs correlate with times of high return variation. This paper takes a structural approach to explain the cross-section of volatility risk premia of stocks using a Lucas orchard with heterogeneous beliefs, stochastic...