Conference and seminar output

Same or Different? The CEO Labour Market in China's Public Listed Companies

A priori it is unclear whether empirical findings on the nature of CEO compensation based on Western developed economies should generalise to the compensation of top executives in China's listed companies. Although China is developing a market-oriented economy it remains a Communist regime in which the state continues to own the largest companies.

What Happens When Employers are Free to Discriminate?

Research on employers’ hiring discrimination is limited by the unlawfulness of such activity. Consequently, researchers have focused on the intention to hire. Instead, we rely on a virtual labour market, the English Fantasy Football league, where employers can freely exercise their taste for racial discrimination in terms of hiring and firing. We find employers are less likely to hire black players than white players, even when accounting for time-varying player labour productivity and price.

The United Kingdom: When will the recovery arrive?

Presentation at the 87th Kieler Konjunkturgespräch, March 18/19 2013.

Does How You are Paid Affect the Way You Feel?

We show that worker wellbeing is not only related to the amount of compensation workers receive but also how they receive it. Those in receipt of group performance bonuses, profit shares, and those in share ownership schemes, have higher job satisfaction than other employees, having conditioned on wage levels. The size of the satisfaction effect depends on the size of the bonus payment. Those in receipt of incentive payments are also less likely to quit the firm. These findings hold having accounted for person fixed effects.

Employee Share Purchase Plans - Gift or Incentive?

Many large listed firms offer workers the opportunity to buy shares of stock at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But ESPPs diverge from standard gift exchange or efficiency wage models. Employees have to invest some of their own money by purchasing shares at the discounted rate to accept the gift. A sizeable number choose to reject the gift.

Outlook for the UK economy

Presentation to the Low Pay Commission

The redistributive impacts of migration after the EU's Eastern Enlargement

IZA meeting, Central European University, Budapest

Growth risks for the EU emanating from global imbalances

Annual Research Conference, European Commission, Brussels

Policy Challenges Facing Europe

International Conference on Euro Area Crisis and Its Impact on China’s Economy,Hosted by Academic Division of Economics (CASS) and co-organized by Institute of Qunatitative and Technical Economics (CASS) and Beijing Information and Science and Technology University, Beijing, China