Showing 1 - 10 of 29
Family income is found to be more closely related to sons' earnings for a cohort born in 1970 compared to one born in 1958. This result is in stark contrast to the finding on the basis of social class; intergenerational mobility for this outcome is found to be unchanged. Our aim here is to...
Persistent link: https://www.econbiz.de/10010696475
The recession of 2008-2009 inflicted a larger cumulative loss of UK output than any of the other post-war recessions. Nevertheless, employment rates remained higher than might have been expected given the experience of previous recessions. The main reasons for this appear to be a combination of...
Persistent link: https://www.econbiz.de/10010700448
A new study underlining the extent to which poverty persists over time in Britain. It presents evidence, together for the first time, from longitudinal labour market data on jobs, poverty and pay.
Persistent link: https://www.econbiz.de/10010702092
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...
Persistent link: https://www.econbiz.de/10010655943
Charles Clarke has recently described England as having "a weak offer for those who want a vocational orientation to their studies." This discussion paper analyzes the weaknesses of vocational education in this country and suggests how to remedy them. <br><br> Vocational education should be about...
Persistent link: https://www.econbiz.de/10011003910
We study the intergenerational effects of parents' education on their children's educational outcomes. The endogeneity of parental education is addressed by exploiting the exogenous shift in education levels induced by the 1972 Raising of the School Leaving Age (RoSLA) from age 15 to 16 in...
Persistent link: https://www.econbiz.de/10010945139
This paper shows that search in the labor market has important effects on accumulation decisions. In a labor market characterized by search, employment contracts are naturally incomplete and this creates a wedge between the rates of return and marginal products of both human and physical...
Persistent link: https://www.econbiz.de/10004967678
Although a great deal of management consultancy has been carried out in a wide variety of settings, very little research has been conducted examining underlying dimensions of the client-consultant relationship. The present study examines consultant and client perceptions of the consulting...
Persistent link: https://www.econbiz.de/10004967689
Why would an entrepreneur hire a manager? It could be because managers are particularly talented people. This paper suggests another reason. We consider a model with asymmetric information between financiers and entrepreneurs which gives rise to sizable inefficiencies. Under simple conditions,...
Persistent link: https://www.econbiz.de/10005016648
A competitive business cycle model is developed in which internal increasing returns translate a white noise random shock into temporarily agglomerated economic activity. Te qualitative nature of the economy varies over the cycle due to changes in the underlying economic structure, giving rise...
Persistent link: https://www.econbiz.de/10005016670