We use matched employee-employer data from Britain to assess the influence of disabilityspecific workplace policies and practices on the earnings of disabled workers. The presence of equal opportunities policies increases the relative wages of disabled workers, but this is partially offset by the negative influence of workplace accommodations. JEL Classification: J30, J14

UK regional policy has been advocated as a means of reducing regional disparities and stimulating national growth. However, there is limited understanding of the interregional and national effects of such a policy. This paper uses an interregional computable general equilibrium model to identify the national impact of a policy-induced regional demand shock under alternative labour market closur...

Several studies indicate that humans are overconfident about their own (relative) abilities. We propose a notion of pragmatic beliefs, and show through an example that this concept can shed light on why overconfidence emerges. Through the example, we also shed light on the idea that that ’bounded rationality’ may arise endogenously in a game without assuming complexity costs. JEL codes: B41, C7...

This paper investigates how to test and correct for nonresponse selection bias induced by missing income information when estimating wage functions. The novelty is to use the variation in interviewer-specifi c response rates as exclusion restriction within the framework of a sample selection model. JEL Classifi cation: J30

We unify the decomposition methodologies of Juhn, Murphy, and Pierce (1993) and Fields (1999) for differences in inequalities across countries/groups/times using earnings equations. We demonstrate the unified methodology in a study of changes in earnings inequality in America during the late 1990s. JEL codes: D30, J30

Panel data from the United Kingdom are used to estimate a wage curve that allows simultaneously for time, individual, and spatial effects and which thus finesses the problem of grouped data bias. Once allowance is made for the multilevel and crossclassified nature of the data, estimates of the unemployment elasticity of the wage are seen to be volatile and imprecise. JEL Classification: J30

This paper addresses Marx’s theory of crisis in order to analyze the Great Recession Spain, a peripheral economy within Eurozone. It demonstrates that underlying problem “housing bubble” is an incapacity generate surplus value, which turn explains certain particularities related capital composition, productivity, wages, and finance. The article further carries out critique both orthodox heterod...

The government for a jurisdiction has both capital and labor taxes at its disposal. It taxes mobile capital to finance the public good despite the desire to attract capital and despite the tax on immobile labor if capital incomes are distributed more unequally than labor incomes among the residents of the jurisdiction. The result extends to progressive taxes and to pure redistribution. JEL clas...

The traditional question of optimally deciding when to cut down a tree is among the most commonly posed questions asked of students learning the technique of dynamic programming. This paper shows that the traditional tree-cutting example is improperly formulated when the question of replanting is addressed, derives the proper method of finding optimal harvest length, and applies this method to ...

This paper studies the effect of regional spillovers on the rate of finn formation in two major West Gennan industries for the time period from 1989 to 1993. I exploit regional variations in finn fonnation at the county level to identify the effects of historically given industry structure and employment structure on the emergence of new firms. The results are consistent with the existence of l...