Stephen Nickell
Datos Biográficos
| ID | 190465 |
|---|---|
| NOMBRE | Stephen Nickell |
| NOMBRES | Stephen |
| APELLIDO | Nickell |
| FIRMA | NICKELL S |
| AFILIACIONES | London School of Economics and Political Science |
| VERIFICADO | No |
| TOTAL DE OBRAS | 28 |
| TOTAL DE CITAS | 269 |
| TOTAL COMO AUTOR | 28 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1971 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2017 |
| ÍNDICE H | 10 |
The impact of EU and Non-EU immigration on British wages
There is a consensus among academics that immigration has little or no effect on native British wages, but these studies have not refined their analysis by occupations. Our contribution is to extend the literature to incorporate occupations. Doing so, we find that immigration has a small negative impact on average British wages, with a somewhat larger impact within the semi/unskilled service occupations. This paper also explores if there is any d…
The marginal utility of income
Patterns of Work Across the OECD
Market work per person of working age differs widely across the OECD countries and there have been some significant changes in the last forty years. How to explain this pattern? Taxes are part of the story but much remains to be explained. The story favoured by Alesina "et al." (2005) is that the nexus of strong unions, generous welfare and social democracy implies both high taxes and pressure in favour of work-sharing in response to adverse shoc…
Unemployment
This book aims to provide a basis for better unemployment policy: showing how the lessons learned from experience and theory can be applied to greatly reduce the waste and misery of high unemployment. The book surveys the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. It uses a model to explain the puzzling post-war history of OECD unemployment and shows how unemployment…
Poverty and Worklessness in Britain
Relative poverty in the UK has risen massively since 1979 mainly because of increasing worklessness, rising earnings dispersion and benefits indexed to prices, not wages. So poverty is now at a very high level. The economic forces underlying this are the significant shift in demand against the unskilled which has outpaced the shift in relative supply in the same direction. This has substantially weakened the low-skill labour market which has incr…
The Rise in Inactivity Among Adult Men
Inactivity rates among working age men over 25 have risen by a multiple of around four since the mid-1970s. Among prime-age men (aged 25–54), inactivity rates have risen even more (over five times) over the same period. By contrast, unemployment rates are roughly the same now as they were in the mid-1970s and inactivity rates among women have fallen significantly. Rises in the inactivity rate of prime-age men in the bottom skill quartile make up …
The Beveridge Curve, Unemployment, andWages in the OECD from the 1960s to the 1990s
Nominal Wage Rigidity and the Rate of Inflation
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find that there is evidence of some rigidity at zero nominal wage change. While the effect is…
A Picture of Job Insecurity Facing British Men
This paper considers three aspects of the job insecurity facing British men in the last two decades. The probability of bejming unemployed, the costs of unemployment in terms of real wage losses and the probability that the continuously employed will experience substantial real wage losses. The first of these has not risen in the last two decades, the sejnd has risen by around 40% and the third has risen, particularly for the top skill groups
The Consequences of the Decline in Public Sector Pay in Britain
Following the fall in overall net public investment, the relative pay of most public sector workers in the United Kingdom declined sharply after the mid-1970s. For example, the relative pay of male teachers fell by over 10 percentage points from the late 1970s to the late 1980s. So has this generated a fall in quality? Using age 10/11 test score percentile positions as an indicator, we find that men entering non-manual public sector occupations i…
Chapter 46 Labor market institutions and economic performance
Unemployment
Journal Article Unemployment: Questions and Some Answers Get access Stephen Nickell Stephen Nickell University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 108, Issue 448, 1 May 1998, Pages 802–816, https://doi.org/10.1111/1468-0297.00316 Published: 27 December 2001
Unemployment and Labor Market Rigidities
The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise…
The low‐skill low‐pay problem
Over the last 20 years in both the US and Britain, the situation of unskilled workers has worsened relative to the rest of the workforce. In both countries, the poor, if not getting poorer are at least not improving their lot. In Germany, however, they are getting richer: workers in the bottom decile of the male earnings distribution in Germany earn twice as much as their counterparts in the US, where real wages for the low paid have been falling…
Competition and Corporate Performance
Are people right to think that competition improves corporate performance? The author's investigations indicate first that there are some theoretical reasons for believing this hypothesis to be correct but they are not overwhelming. Furthermore, the existing empirical evidence on this question is weak. However, the results reported here, based on the analysis of around 670 U.K. companies, provide some support for this view. Most important, the au…
Unions and Investment in British Industry
Journal Article Unions and Investment in British Industry Get access Kevin Denny, Kevin Denny Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Stephen J. Nickell Stephen J. Nickell University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue 413, 1 July 1992, Pages 874–887, https://doi.org/10.2307/2234583 Published: 01 Jul…
Labour Turnover in UK Manufacturing
A model of quits is constructed and combined with a labour demand function to produce a model of layoffs. These are combined to provide an explanation of separations. The main feature of this is the explicit incorporation of the interactions between quits and layoffs. A linear approximation and a structural form are estimated on UK manufacturing data for 1965-82. It is shown that the most important determinant of separations is the state of deman…
Unemployment
Journal Article Unemployment: A Survey Get access Stephen Nickell Stephen Nickell Institute of Economics and Statistics, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 401, 1 June 1990, Pages 391–439, https://doi.org/10.2307/2234131 Published: 01 June 1990
Insider Forces and Wage Determination
This paper investigates the relative importance of firm-specific factors (i.e., insider forces) in wage determination. Using firm-level data on 219 U.K. companies over 1974-82, it finds that a 1 percent rise in a firm's prices or productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2 percent. As a corollary to this, outside factors, like the aggregate wage and the unemployment rate, also play an important role…
A Historical Perspective on Unemployment
Unemployment in Britain
In Economica special supplement on unemployment
Still Searching for an Explanation of Unemployment in Interwar Britain
The Determinants of Equilibrium Unemployment in Britain
A lot of energy is currently being expended in trying to understand what has been happening to unemployment in Britain and the rest of the developed world.' In this paper, we look at this question in the British context by trying to confront some possible explanations with the data. Since the data we use are quarterly over rather a short period we are setting the explanations a very hard test. Most explanations tend to be rather casual and the th…
Wages and Unemployment
Journal Article Wages and Unemployment: A General Framework Get access Stephen Nickell Stephen Nickell London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 365, 1 March 1982, Pages 51–55, https://doi.org/10.2307/2232255 Published: 01 March 1982
Biases in Dynamic Models with Fixed Effects
Competition and Corporate Performance
Are people right to think that competition improves corporate performance? The author's investigations indicate first that there are some theoretical reasons for believing this hypothesis to be correct but they are not overwhelming. Furthermore, the existing empirical evidence on this question is weak. However, the results reported here, based on the analysis of around 670 U.K. companies, provide some support for this view. Most important, the au…
Unemployment
Journal Article Unemployment: Questions and Some Answers Get access Stephen Nickell Stephen Nickell University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 108, Issue 448, 1 May 1998, Pages 802–816, https://doi.org/10.1111/1468-0297.00316 Published: 27 December 2001
Unemployment
This book aims to provide a basis for better unemployment policy: showing how the lessons learned from experience and theory can be applied to greatly reduce the waste and misery of high unemployment. The book surveys the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. It uses a model to explain the puzzling post-war history of OECD unemployment and shows how unemployment…
A Picture of Job Insecurity Facing British Men
This paper considers three aspects of the job insecurity facing British men in the last two decades. The probability of bejming unemployed, the costs of unemployment in terms of real wage losses and the probability that the continuously employed will experience substantial real wage losses. The first of these has not risen in the last two decades, the sejnd has risen by around 40% and the third has risen, particularly for the top skill groups
The Determinants of Equilibrium Unemployment in Britain
A lot of energy is currently being expended in trying to understand what has been happening to unemployment in Britain and the rest of the developed world.' In this paper, we look at this question in the British context by trying to confront some possible explanations with the data. Since the data we use are quarterly over rather a short period we are setting the explanations a very hard test. Most explanations tend to be rather casual and the th…
The Consequences of the Decline in Public Sector Pay in Britain
Following the fall in overall net public investment, the relative pay of most public sector workers in the United Kingdom declined sharply after the mid-1970s. For example, the relative pay of male teachers fell by over 10 percentage points from the late 1970s to the late 1980s. So has this generated a fall in quality? Using age 10/11 test score percentile positions as an indicator, we find that men entering non-manual public sector occupations i…
Unemployment
Journal Article Unemployment: A Survey Get access Stephen Nickell Stephen Nickell Institute of Economics and Statistics, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 401, 1 June 1990, Pages 391–439, https://doi.org/10.2307/2234131 Published: 01 June 1990
Still Searching for an Explanation of Unemployment in Interwar Britain
Education and Lifetime Patterns of Unemployment
The relationship between education and unemployment incidence, although theoretically clear-cut, has rarely been quantified. Some estimates of this relationship are obtained for Britain, and these are split into the impact of schooling and qualifications on the probability of entering unemployment and on the expected duration of spells within that state. Finally, estimates of the rate of return to schooling are adjusted to take account of unemplo…
Poverty and Worklessness in Britain
Relative poverty in the UK has risen massively since 1979 mainly because of increasing worklessness, rising earnings dispersion and benefits indexed to prices, not wages. So poverty is now at a very high level. The economic forces underlying this are the significant shift in demand against the unskilled which has outpaced the shift in relative supply in the same direction. This has substantially weakened the low-skill labour market which has incr…
Nominal Wage Rigidity and the Rate of Inflation
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find that there is evidence of some rigidity at zero nominal wage change. While the effect is…
Unemployment in Britain
In Economica special supplement on unemployment
Insider Forces and Wage Determination
This paper investigates the relative importance of firm-specific factors (i.e., insider forces) in wage determination. Using firm-level data on 219 U.K. companies over 1974-82, it finds that a 1 percent rise in a firm's prices or productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2 percent. As a corollary to this, outside factors, like the aggregate wage and the unemployment rate, also play an important role…
Patterns of Work Across the OECD
Market work per person of working age differs widely across the OECD countries and there have been some significant changes in the last forty years. How to explain this pattern? Taxes are part of the story but much remains to be explained. The story favoured by Alesina "et al." (2005) is that the nexus of strong unions, generous welfare and social democracy implies both high taxes and pressure in favour of work-sharing in response to adverse shoc…
Unions and Investment in British Industry
Journal Article Unions and Investment in British Industry Get access Kevin Denny, Kevin Denny Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Stephen J. Nickell Stephen J. Nickell University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue 413, 1 July 1992, Pages 874–887, https://doi.org/10.2307/2234583 Published: 01 Jul…
Labour Turnover in UK Manufacturing
A model of quits is constructed and combined with a labour demand function to produce a model of layoffs. These are combined to provide an explanation of separations. The main feature of this is the explicit incorporation of the interactions between quits and layoffs. A linear approximation and a structural form are estimated on UK manufacturing data for 1965-82. It is shown that the most important determinant of separations is the state of deman…
Wages and Unemployment
Journal Article Wages and Unemployment: A General Framework Get access Stephen Nickell Stephen Nickell London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 365, 1 March 1982, Pages 51–55, https://doi.org/10.2307/2232255 Published: 01 March 1982
Public Investment, the Rate of Return, and Optimal Fiscal Policy
This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models. Originally published in 1970
Public Investment, the Rate of Return, and Optimal Fiscal Policy
This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models. Originally published in 1970
Variational Methods in Economics
Education and Lifetime Patterns of Unemployment
The relationship between education and unemployment incidence, although theoretically clear-cut, has rarely been quantified. Some estimates of this relationship are obtained for Britain, and these are split into the impact of schooling and qualifications on the probability of entering unemployment and on the expected duration of spells within that state. Finally, estimates of the rate of return to schooling are adjusted to take account of unemplo…
Biases in Dynamic Models with Fixed Effects
Still Searching for an Explanation of Unemployment in Interwar Britain
The Determinants of Equilibrium Unemployment in Britain
A lot of energy is currently being expended in trying to understand what has been happening to unemployment in Britain and the rest of the developed world.' In this paper, we look at this question in the British context by trying to confront some possible explanations with the data. Since the data we use are quarterly over rather a short period we are setting the explanations a very hard test. Most explanations tend to be rather casual and the th…
Wages and Unemployment
Journal Article Wages and Unemployment: A General Framework Get access Stephen Nickell Stephen Nickell London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 365, 1 March 1982, Pages 51–55, https://doi.org/10.2307/2232255 Published: 01 March 1982
Unemployment in Britain
In Economica special supplement on unemployment
A Historical Perspective on Unemployment
Labour Turnover in UK Manufacturing
A model of quits is constructed and combined with a labour demand function to produce a model of layoffs. These are combined to provide an explanation of separations. The main feature of this is the explicit incorporation of the interactions between quits and layoffs. A linear approximation and a structural form are estimated on UK manufacturing data for 1965-82. It is shown that the most important determinant of separations is the state of deman…
Unemployment
Journal Article Unemployment: A Survey Get access Stephen Nickell Stephen Nickell Institute of Economics and Statistics, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 401, 1 June 1990, Pages 391–439, https://doi.org/10.2307/2234131 Published: 01 June 1990
Insider Forces and Wage Determination
This paper investigates the relative importance of firm-specific factors (i.e., insider forces) in wage determination. Using firm-level data on 219 U.K. companies over 1974-82, it finds that a 1 percent rise in a firm's prices or productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2 percent. As a corollary to this, outside factors, like the aggregate wage and the unemployment rate, also play an important role…
Unions and Investment in British Industry
Journal Article Unions and Investment in British Industry Get access Kevin Denny, Kevin Denny Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Stephen J. Nickell Stephen J. Nickell University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue 413, 1 July 1992, Pages 874–887, https://doi.org/10.2307/2234583 Published: 01 Jul…
The low‐skill low‐pay problem
Over the last 20 years in both the US and Britain, the situation of unskilled workers has worsened relative to the rest of the workforce. In both countries, the poor, if not getting poorer are at least not improving their lot. In Germany, however, they are getting richer: workers in the bottom decile of the male earnings distribution in Germany earn twice as much as their counterparts in the US, where real wages for the low paid have been falling…
Competition and Corporate Performance
Are people right to think that competition improves corporate performance? The author's investigations indicate first that there are some theoretical reasons for believing this hypothesis to be correct but they are not overwhelming. Furthermore, the existing empirical evidence on this question is weak. However, the results reported here, based on the analysis of around 670 U.K. companies, provide some support for this view. Most important, the au…
Unemployment and Labor Market Rigidities
The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise…
Unemployment
Journal Article Unemployment: Questions and Some Answers Get access Stephen Nickell Stephen Nickell University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 108, Issue 448, 1 May 1998, Pages 802–816, https://doi.org/10.1111/1468-0297.00316 Published: 27 December 2001
Chapter 46 Labor market institutions and economic performance
A Picture of Job Insecurity Facing British Men
This paper considers three aspects of the job insecurity facing British men in the last two decades. The probability of bejming unemployed, the costs of unemployment in terms of real wage losses and the probability that the continuously employed will experience substantial real wage losses. The first of these has not risen in the last two decades, the sejnd has risen by around 40% and the third has risen, particularly for the top skill groups
The Consequences of the Decline in Public Sector Pay in Britain
Following the fall in overall net public investment, the relative pay of most public sector workers in the United Kingdom declined sharply after the mid-1970s. For example, the relative pay of male teachers fell by over 10 percentage points from the late 1970s to the late 1980s. So has this generated a fall in quality? Using age 10/11 test score percentile positions as an indicator, we find that men entering non-manual public sector occupations i…
The Rise in Inactivity Among Adult Men
Inactivity rates among working age men over 25 have risen by a multiple of around four since the mid-1970s. Among prime-age men (aged 25–54), inactivity rates have risen even more (over five times) over the same period. By contrast, unemployment rates are roughly the same now as they were in the mid-1970s and inactivity rates among women have fallen significantly. Rises in the inactivity rate of prime-age men in the bottom skill quartile make up …
The Beveridge Curve, Unemployment, andWages in the OECD from the 1960s to the 1990s
Nominal Wage Rigidity and the Rate of Inflation
Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find that there is evidence of some rigidity at zero nominal wage change. While the effect is…
Poverty and Worklessness in Britain
Relative poverty in the UK has risen massively since 1979 mainly because of increasing worklessness, rising earnings dispersion and benefits indexed to prices, not wages. So poverty is now at a very high level. The economic forces underlying this are the significant shift in demand against the unskilled which has outpaced the shift in relative supply in the same direction. This has substantially weakened the low-skill labour market which has incr…
Unemployment
This book aims to provide a basis for better unemployment policy: showing how the lessons learned from experience and theory can be applied to greatly reduce the waste and misery of high unemployment. The book surveys the main aspects of the unemployment problem. It integrates macroeconomics with a detailed micro-analysis of the labour market. It uses a model to explain the puzzling post-war history of OECD unemployment and shows how unemployment…
Economics (28 obras) · Unemployment (16 obras) · Labour economics (14 obras) · Labor market dynamics and wage inequality (13 obras) · Macroeconomics (13 obras) · Economic Theory and Policy (8 obras) · Demographic economics (7 obras) · Economic theories and models (6 obras) · Employment and Welfare Studies (6 obras) · Law (6 obras)