Publications
Type: Conference and seminar output
Video interviews with speakers from our 2016 Annual Finance Conference held at the Bank of England on Friday 18th March, on the topic of "Financial regulation: are we reaching an efficient outcome?"
Type: Conference and seminar output
Watch highlights of the debate between Lord Norman Lamont (former Chancellor of the Exchequer, 1990-93) and Sir Vince Cable (Secretary of State for Business Innovation and Skills, 2010-15) along with interviews on our YouTube channel. This was part of our "Economics of the UK’s EU membership"...
Type: Conference and seminar output
Paper presented at the 2016 LERA Conference, San Francisco, 4th January 2016.
This paper updates the empirical literature on trade union resources in the UK. We argue that British unions lack resources effectively to manage first and second order collective action problems, and that the resource...
Type: Conference and seminar output
Presentation to the Employee Relations Institute, London, on management and productivity in Britain
Type: Conference and seminar output
Presentation to IFS/UCL/CEP Workshop on Wages and Low Pay. We show growth in earnings dispersion across establishments accounts for roughly two-thirds of the growth in wage dispersion across employees in the United States since the 1970s.
https://www.ucl.ac.uk/economics/non-seminar/wages-lowpay
Type: Conference and seminar output
The productivity puzzle – it remains unclear how and to what extent the lack of credit has affected productivity
Type: Conference and seminar output
Paper presented at Ecole Normale Supérieure, Paris, on the UK's productivity puzzle.
Type: Conference and seminar output
Using firm level data we examine whether aggregate productivity weakness arises because of resource misallocation between existing firms and/or a lack of creative destruction or cleansing effect of recession
Using firm level data we assess these effects by comparing credit constrained bank...
Type: Conference and seminar output
Presentation on Union Organisation: Its Costs and Benefits" - LSE conference on "Trade Unions, Inequality and Pay Stagnation"
Type: Conference and seminar output
The paper reviews what we know about the causes of the UK's productivity puzzle and contributes to the literature by examining what we can learn from cross-sectional and panel workplace data about the way in which firms have responded to the recession - University of Bath economics seminar
Type: Conference and seminar output
Seminar Presentation, Department of Economics, University of Aberdeen:
We examine whether those paid for performance fared better in terms of wage growth and job tenure than their fixed pay counterparts through the most recent recession. In theory we might anticipate that, since performance pay...
Type: Conference and seminar output
This event was held at NIESR on Tuesday 11 November. It forms part of the NIESR-LLAKES project on the productivity puzzle.
Agenda was as follows:
16:00
Registration
16:30
Introduction by Geoff Mason, LLAKES and National Institute of Economic and Social Research
16:35
Presentations and...
Type: Conference and seminar output
A seminar presentation outlining the opportunities provided by the Annual Survey of Hours and Earnings (ASHE) and the Monthly Wages and Salaries Survey (MWSS) for the analysis of performance-related pay. Discusses the content of the surveys, their sample designs and issues relating to the use of...
Type: Conference and seminar output
Presentation of paper at Institute of Education. The paper reviews the literature on the UK's productivity "puzzle", examining some of the main culprits or suspects that may explain recent trends. It contributes to the empirical literature by testing some hypotheses in new ways, in order to shed...
Type: Conference and seminar output
The productivity puzzle – it remains unclear how and to what extent the lack of credit has affected productivity
Type: Conference and seminar output
Using nationally representative linked employer-employee data we find one-quarter of employees in Britain are paid for performance. The log hourly wage gap between performance pay and fixed pay employees is .36 points. This falls to .15 log points after controlling for observable demographic, job...
Type: Conference and seminar output
Links to working papers
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“Housing finance and monetary policy” by Roman Sustek (QMUL)
“When is a housing market overheated enough to threaten stability?” by John Muellbauer (Oxford University)
“Market structure of housing finance and the US housing bubble” by Susan Wachter (...
Type: Conference and seminar output
Presentation to the 90th Kieler Konjunkturgespräch, Austrian Embassy, Berlin.
Type: Conference and seminar output
A banking crisis may inhibit efficient resource allocation across businesses
Using firm level data we can examine whether aggregate productivity weakness arises because of resource misallocation between existing firms and/or a lack of creative destruction or cleansing effect of recession
Type: Conference and seminar output
Presentation on trade unions' membership, organizational resources and influence in Britain, 1999-2013. The material was presented to trade union officers attending the TUC's 2014 Leading Change program. The presentation draws on data from the Certification Officer, the Quarterly Labour Force...
Type: Conference and seminar output
A banking crisis may inhibit efficient resource allocation across businesses
Using firm level data we can examine whether aggregate productivity weakness arises because of resource misallocation between existing firms and/or a lack of creative destruction or cleansing effect of recession
Type: Conference and seminar output
This was the first of two workshops planned for this year at which new research findings on productivity and firm growth are to be presented and discussed. These workshops are expected to be of particular interest to policy-makers and other researchers who are working in these areas.
The...
Type: Conference and seminar output
Economists get pretty fixated about paying workers for their performance. That's why we devoted November's Special Issue of the NIESR Review to the topic. We followed up with a one-day workshop, which was free to attend, on a first-come-first-served basis. The workshop brought together academics,...
Type: Conference and seminar output
Using linked employer-employee data for Britain I find bisexual men earn around 31% less per hour less than heterosexual employees, a differential that falls to 20% having controlled for demographic, job and workplace characteristics. The gap is apparent within workplaces and within detailed...
Type: Conference and seminar output
A banking crisis may inhibit efficient resource allocation across businesses
Using firm level data we can examine whether aggregate productivity weakness arises because of resource misallocation between existing firms and/or a lack of creative destruction or cleansing effect of recession
And may...
Type: Conference and seminar output
Using linked employer-employee data for Britain I find bisexual men earn around 31% less per hour less than heterosexual employees, a differential that falls to 20% having controlled for demographic, job and workplace characteristics. The gap is apparent within workplaces and within detailed...
Type: Conference and seminar output
Poster presentation at the Workshop on Firm-Level Analysis of Labour Issues, Louvain-la-Neuve (UCL-Belgium), 28 May 2014
Type: Conference and seminar output
Poster presentation at Workshop on Firm-Level Analysis of Labour Issues, Louvain-la-Neuve (UCL-Belgium), 28 May 2014
Type: Conference and seminar output
Using nationally representative linked employer-employee data we find one-quarter of employees in Britain are paid for performance. The log hourly wage gap between performance pay and fixed pay employees is .36 points. This falls to .15 log points after controlling for observable demographic, job...
Type: Conference and seminar output
Evidence presented to Scottish Parliament’s Finance Committee
Dr Angus Armstrong, National Institute of Economic and Social Research, Economic and Social Research Council Senior Scotland Fellow and Centre for Macroeconomics. a.armstrong [at] niesr.ac.uk
Dr Monique Ebell, National Institute of...
Type: Conference and seminar output
Many large listed firms offer workers the opportunity to buy shares in the firm 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...
Type: Conference and seminar output
We investigate to what extent the weakness in productivity in the aftermath of the global financial crisis of 2007/2008 may be due to:
a reduction in the allocation of resources between high and low productivity firms which might occur through:
resource misallocation between existing firms
a lack...
Type: Conference and seminar output
The productivity puzzle – it remains unclear how and to what extent the lack of credit has affected productivity
Type: Conference and seminar output
UK productivity fell sharply during the recession of 2008-9, and recovered only sluggishly after that. In levels terms, productivity is currently about 15 per cent below a simple extrapolation of its pre-crisis trend. This contrasts very sharply with the experience of other post-war recessions in...
Type: Conference and seminar output
Using nationally representative linked employer-employee data we find one-quarter of employees in Britain are paid for performance. The log hourly wage gap between performance pay and fixed pay employees is .36 points. This falls to .15 log points after controlling for observable demographic, job...
Type: Conference and seminar output
Presentation to the 89th Kieler Konjunkturgespräch, Kiel Germany.
Type: Conference and seminar output
Despite its potential to raise productivity, performance-related-pay (PRP) is not widespread in market-oriented economies. Furthermore, despite secular changes conducive to its take-up, there is mixed evidence as to whether it has become more prominent over time. Ours is the first paper to present...
Type: Conference and seminar output
Speaking note, Royal Society of Edinburgh, January 2014
Type: Conference and seminar output
See attached file for a copy of the speech, given in January 2014.
Type: Conference and seminar output
Presentation to Leading Change, a TUC workshop for union leaders, University of Warwick. Presents latest evidence on union membership, coverage, organisational capacity and union effectiveness.
Type: Conference and seminar output
The main aim of this research is to investigate the underlying causes of recent productivity weakness in the UK, examining in particular the mechanisms by which the banking sector crisis might have affected the supply side of the UK economy, and how it has affected company performance.
Type: Conference and seminar output
Type: Conference and seminar output
In the light of the current Scottish independence debate, much attention is being paid to whether Scotland and the rest of the UK (RUK) will be better off after the separation. Fiscal challenges are often quoted as a strong argument against independence. Demographic processes play an important role...
Type: Conference and seminar output
What has been the impact of the banking sector crisis on bank credit conditions experienced by UK companies?
What is the evidence that this has affected the performance of UK companies?
Type: Conference and seminar output
Presentation at Association of Public Policy and Management Fall Conference, Washington D.C.
Type: Conference and seminar output
presentation at Association of Public Policy and Management Fall Conference, Washington D.C.
Type: Conference and seminar output
The links between unionisation and job satisfaction remain controversial. In keeping with the existing literature we find strong statistically significant negative correlations between unionisation and overall job satisfaction. However, in contrast to the previous literature we find that once one...
Type: Conference and seminar output
The links between unionisation and job satisfaction remain controversial. In keeping with the existing literature we find strong statistically significant negative correlations between unionisation and overall job satisfaction. However, in contrast to the previous literature we find that once one...
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