If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). The most powerful childhood...

This paper, originally written as an encyclopaedia survey, considers as globalisation all the consequences of the long-term cheapening of, and expansion of the technical possibilities of -transport and communication; a process more or less uninterrupted since the improvements of navigation in...

"It is widely acknowledged that the contemporary unemployment problem is very largely a problem of unemployed unskilled workers. This paper argues a. that high levels of unemployment and increasing dispersion in the primary labour income distribution are intimately related; b. that both reflect...

This is the paper of a lecture held in honour of Rudolf Meidner, attempting to answer the following questions: How far can recovery go before the labour market becomes so tight that inflationary pressures once more get out of hand? In other words, what level of employment in future will be...

There are three pillars of the new Labour Government's approach to economic policy: delivering macroeconomic stability, tackling the supply-side barriers to growth and delivering employment and economic opportunities to all. This lecture focuses on the reforms the new government has introduced...

This paper contains the text of a series of public lectures given by Professor Williamson at the LSE on February 24 and 25 1992. Professor Williamson is the first holder of the British Petroleum Professorship, awarded annually to a visiting academic of the highest standing. The lecture covers...

From 1983, Australia operated an Incomes Policy - the Accord. Senator Peter Cook, Australian Industrial Relations Minister, gave a Centre for Economic Performance-sponsored public lecture on the Accord in June 1991. In view of the considerable worldwide interest in the Accord, Senator Cook's...

Several countries in eastern Europe may accede to the European Union in about two years time, making them candidates to join Europe¿s single currency from 2006. Some well-known economists have advocated that countries in eastern Europe adopt the euro now either unilaterally or by prior...

This paper was prepared for a conference of economic representatives of the states of the former Soviet Union. The paper argues the case for a code of conduct for inter-state trade and proposes such a code. The paper also includes the revisions proposed by those attending the conference.

Economic organization and economic behaviour in Japan - notably the employment relation, trading relations between business firms and the financing of industrial enterprise - are sufficiently different from prevailing patterns in the UK and the US for it to be reasonable to speak of different...