Richard Disney
Datos Biográficos
| ID | 283030 |
|---|---|
| NOMBRE | Richard Disney |
| NOMBRES | Richard |
| APELLIDO | Disney |
| FIRMA | DISNEY R |
| AFILIACIONES | University of Kent |
| ORCID | 0000-0001-6438-6326 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 42 |
| TOTAL DE CITAS | 139 |
| TOTAL COMO AUTOR | 42 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1976 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2023 |
| ÍNDICE H | 8 |
Does Homeownership Reduce Crime? A Radical Housing Reform from the UK
‘Right to Buy’, a large-scale natural experiment whereby incumbent tenants in public housing could buy properties at heavily subsidised prices, increased the United Kingdom homeownership rate by over 10 percentage points between its 1980 introduction and the 1990s. This paper studies the impact of this reform on crime by leveraging exogenous variation in eligibility for the policy. Results show that Right to Buy generated significant property cri…
Firm‐level Investment Spikes and Aggregate Investment over the Great Recession
It is widely accepted that firm‐level investment is characterized by periods of low investment punctuated by ‘spikes’, but widely debated whether such lumpiness matters for aggregate investment. We provide new empirical evidence that variation in UK aggregate investment is driven by variation in the number of firms undertaking investment spikes; this pattern holds for all sectors and across the business cycle. We set out and estimate a tractable …
Wage Regulation and the Quality of Police Applicants
Pay structures may not reflect differences in individual productivity and effort; in particular, public pay regulation can distort labour markets. We analyse the impact of nationally regulated pay on the quality of applicants to be police officers across England and Wales, exploiting a unique dataset of individual test scores from the national assessment required of all police applicants, and combining this with data on local labour markets and p…
House Prices, Wealth Effects and Labour Supply
We examine the impact of house prices on labour supply decisions using UK microdata. We combine household survey data with local‐level house price measures and controls for local labour demand. Our microdata also allow us to control for individual level income expectations. We find significant house price effects on labour supply, consistent with leisure being a normal good. Labour supply responses to house prices are concentrated among young mar…
Booms, Busts and Retirement Timing
Cyclical fluctuations—which affect both asset and labour markets—can have an ambiguous effect on retirement. We explore this empirically using data from the British Household Panel Survey, exploiting small area geographic identifiers to match local house prices, earnings and unemployment to respondents. We match stock prices via the date of interview. Our results show little evidence of any positive wealth effects despite large spatial and tempor…
Debt and depression
Tax Reform and Retirement Saving Incentives
In April 2001, the UK government introduced Stakeholder Pensions – a new private pension arrangement. The reform also changed the structure of tax‐relieved pension contribution ceilings, increasing their generosity for lower‐earners. We examine the impact of these changes on private pension coverage using individual level data. We use a difference‐in‐differences strategy with an estimator that is modified to allow for dichotomous outcomes. Contra…
House Price Shocks and Household Indebtedness in the United Kingdom
We use household panel data to explore the link between changes in house prices and household indebtedness (both secured on housing assets and unsecured) in the United Kingdom. We show that households which are borrowing‐constrained by a lack of housing equity as collateral make greater use of unsecured debt such as credit cards or personal loans. In response to rising house prices, which relax this constraint, such households are more likely to …
What is a Public Sector Pension Worth
We measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-wage profiles by sex and educational group. We show not just that coverage by DB pension plans is greater in the public sector but that median pension accruals as a percentage of salary are more than 6% higher among DB-covered public sector workers than covered priva…
Pension Provision and Retirement Saving
We describe the trajectory of pension reform in the United Kingdom, which focuses on restraining the cost of the public program as the population ages while maintaining adequate income security for low-income households in retirement. Methods for achieving these aims have been to target public benefits to low- income households, to permit individuals to opt out of the second tier of the public program into private retirement accounts, and to offe…
The Internationalisation of Public Welfare Policy
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of international convergence in public policy, with particular focus on labour, welfare, savings and retirement policy. Questions addressed in this framework include: to what extent is policy diffusion or convergence a real and relevant phenomenon? What role have…
Why Has Employment Recently Risen Among Older Workers in Britain?
From late 1998 to late 2002, employment among those aged 50 and over increased by 650,000. Their employment rate also rose, by 2 percentage points. This is in sharp contrast to the downward trend in the two decades prior to the mid-1990s. This growth was disproportionately concentrated among people in their 50s rather than their 60s, women rather than men and, on balance, among more highly educated workers. The buoyant economy of the period is a …
Restructuring and Productivity Growth in UK Manufacturing
We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the contribution to productivity growth of 'internal' restructuring (such as new technology and organisational change among survivors) and 'external' restructuring (exit, entry and market share change). We find that (a) 'external restructuring' accounts for 50% of establishment labour pro…
Economic Policy for Aging Societies. Themes in the Economics of Aging
The Labour Supply Effect of the Abolition of the Earnings Rule for Older Workers in the United Kingdom
High effective tax rates on work at and around state pension age deter participation. An example is the ‘earnings test’ operating in several OECD countries. The United States abolished its test for the 65+ age group in 2000. The United Kingdom offers a ‘natural experiment’ of this reform, as it abolished its test, known as the ‘earnings rule',in 1989. We examine the effect of this change, taking account of the opportunity to defer pension rights.…
Crises in Public Pension Programmes in OECD
The paper examines projections of the fiscal liabilities of public pension programmes in a number of OECD countries. It investigates the reasons why many countries have built up such liabilities in the past and critically appraises the future projections of pension costs. It examines the strengths and weaknesses of four reform options which are currently being discussed and implemented in various countries
What can we Learn from Generational Accounts for the United Kingdom
Journal Article What can we Learn from Generational Accounts for the United Kingdom? Get access James Banks, James Banks Institute for Fiscal Studies and University College London Search for other works by this author on: Oxford Academic Google Scholar Richard Disney, Richard Disney Institute for Fiscal Studies and University of Nottingham Search for other works by this author on: Oxford Academic Google Scholar Zoe Smith Zoe Smith Institute for F…
Public pay in Britain in the 1990s
Public pay in Britain in the 1990s
Can We Afford to Grow Older? A Perspective on the Economics of Aging
Pension Schemes and Pension Funds in the United Kingdom
Can We Afford to Grow Older? A Perspective on the Economics of Aging
The United States Social Security fund is huge and in trouble. The United Kingdom has experimented with the voluntary contracting out of pensions to the private sector. Chile has privatized its public pension system. Australia has adopted a means-tested public pension system. Japan has the earliest retirement age of any advanced economy; it also has the highest rate of labor force participation by elderly men. Can We Afford to Grow Older? provide…
What Has Happened to Union Recognition in Britain
This paper examines the determinants of establishment-level union recognition status using data from the three Workplace Industrial Relations Surveys of 1980, 1984 and 1990. Our theoretical approach argues that product and labour market variables dated at (or around) the establishment's setup should be considered the crucial determinants of recognition status. Confirmation of these predictions is found for private-sector manufacturing establishme…
What are Occupational Pension Plan Entitlements Worth in Britain
The acquisition of rights by workers in private pension plans underpins retirement behavior, recruitment policy, and wage structure but there is controversy as to how these individual pension rights should be valued. The paper combines four data-sets to calculate pension entitlements for a sample of 3, 000 British workers in 1987. Expected scheme tenure is a key variable in valuation; younger workers and women face greater initial uncertainty as …
Averting the Old Age Crisis
Journal Article Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. Get access Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. WORLD BANK POLICY RESEARCH REPORT. (Washington, DC: Oxford University Press for World Bank, 1994. Pp. xxiii + 402. US $19.95 paperback. ISBN 0 195209966.)Pension Funds: Retirement-Income Security, and Capital Markets: An International Perspective. By (E. Philip) Davis.…
Crises in Public Pension Programmes in OECD
The paper examines projections of the fiscal liabilities of public pension programmes in a number of OECD countries. It investigates the reasons why many countries have built up such liabilities in the past and critically appraises the future projections of pension costs. It examines the strengths and weaknesses of four reform options which are currently being discussed and implemented in various countries
The Internationalisation of Public Welfare Policy
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of international convergence in public policy, with particular focus on labour, welfare, savings and retirement policy. Questions addressed in this framework include: to what extent is policy diffusion or convergence a real and relevant phenomenon? What role have…
Restructuring and Productivity Growth in UK Manufacturing
We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the contribution to productivity growth of 'internal' restructuring (such as new technology and organisational change among survivors) and 'external' restructuring (exit, entry and market share change). We find that (a) 'external restructuring' accounts for 50% of establishment labour pro…
Averting the Old Age Crisis
Journal Article Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. Get access Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. WORLD BANK POLICY RESEARCH REPORT. (Washington, DC: Oxford University Press for World Bank, 1994. Pp. xxiii + 402. US $19.95 paperback. ISBN 0 195209966.)Pension Funds: Retirement-Income Security, and Capital Markets: An International Perspective. By (E. Philip) Davis.…
Recurrent Spells and the Concentration of Unemployment in Great Britain
Journal Article Recurrent Spells and the Concentration of Unemployment in Great Britain Get access Richard Disney Richard Disney University of Kent Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 89, Issue 353, 1 March 1979, Pages 109–119, https://doi.org/10.2307/2231410 Published: 01 March 1979
Why are There So Many Long Term Sick in Britain
Journal Article Why are There So Many Long Term Sick in Britain? Get access Richard Disney, Richard Disney University of Kent and Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Steven Webb Steven Webb Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 405, 1 March 1991, Pages 252–262, https://doi.org/10…
What is a Public Sector Pension Worth
We measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-wage profiles by sex and educational group. We show not just that coverage by DB pension plans is greater in the public sector but that median pension accruals as a percentage of salary are more than 6% higher among DB-covered public sector workers than covered priva…
British Unions in Decline
This examination of establishment-level data from the Workplace Industrial Relations Surveys of 1980, 1984, and 1990 shows that the proportion of British establishments (that is, workplaces in both the private and public sector) that recognized unions for collective bargaining over pay and working conditions fell by almost 20% between 1980 and 1990. Largely accountable for this decline was a much lower rate of union recognition in establishments …
What Has Happened to Union Recognition in Britain
This paper examines the determinants of establishment-level union recognition status using data from the three Workplace Industrial Relations Surveys of 1980, 1984 and 1990. Our theoretical approach argues that product and labour market variables dated at (or around) the establishment's setup should be considered the crucial determinants of recognition status. Confirmation of these predictions is found for private-sector manufacturing establishme…
Job Tenure and Asset Holdings
The paper examines the impact of housing equity and occupational pension scheme membership on job tenure. Using job duration data from the 1985 General Household Survey, appropriate hazard functions are constructed and estimated. Housing equity data is constructed from GHS, with appropriate adjustment for selection on house movers. Housing equity has a negative impact on male job tenure which is more pronounced the longer the job lasts. In contra…
Where Have Two Million Trade Union Members Gone
This paper presents an econometric model of trade-union membership in the United Kingdom. The empirical model utilizes cyclical variables in the explanation of membership changes, and separates the short- and long-run dynamics explicitly. It proves to be a superior specification to previous "business cycle" models estimated for the United Kingdom and predicts satisfatorily the recent decline in membership. The inclusion of a dummy variable reflec…
Does Homeownership Reduce Crime? A Radical Housing Reform from the UK
‘Right to Buy’, a large-scale natural experiment whereby incumbent tenants in public housing could buy properties at heavily subsidised prices, increased the United Kingdom homeownership rate by over 10 percentage points between its 1980 introduction and the 1990s. This paper studies the impact of this reform on crime by leveraging exogenous variation in eligibility for the policy. Results show that Right to Buy generated significant property cri…
House Prices, Wealth Effects and Labour Supply
We examine the impact of house prices on labour supply decisions using UK microdata. We combine household survey data with local‐level house price measures and controls for local labour demand. Our microdata also allow us to control for individual level income expectations. We find significant house price effects on labour supply, consistent with leisure being a normal good. Labour supply responses to house prices are concentrated among young mar…
Booms, Busts and Retirement Timing
Cyclical fluctuations—which affect both asset and labour markets—can have an ambiguous effect on retirement. We explore this empirically using data from the British Household Panel Survey, exploiting small area geographic identifiers to match local house prices, earnings and unemployment to respondents. We match stock prices via the date of interview. Our results show little evidence of any positive wealth effects despite large spatial and tempor…
House Price Shocks and Household Indebtedness in the United Kingdom
We use household panel data to explore the link between changes in house prices and household indebtedness (both secured on housing assets and unsecured) in the United Kingdom. We show that households which are borrowing‐constrained by a lack of housing equity as collateral make greater use of unsecured debt such as credit cards or personal loans. In response to rising house prices, which relax this constraint, such households are more likely to …
The Labour Supply Effect of the Abolition of the Earnings Rule for Older Workers in the United Kingdom
High effective tax rates on work at and around state pension age deter participation. An example is the ‘earnings test’ operating in several OECD countries. The United States abolished its test for the 65+ age group in 2000. The United Kingdom offers a ‘natural experiment’ of this reform, as it abolished its test, known as the ‘earnings rule',in 1989. We examine the effect of this change, taking account of the opportunity to defer pension rights.…
What are Occupational Pension Plan Entitlements Worth in Britain
The acquisition of rights by workers in private pension plans underpins retirement behavior, recruitment policy, and wage structure but there is controversy as to how these individual pension rights should be valued. The paper combines four data-sets to calculate pension entitlements for a sample of 3, 000 British workers in 1987. Expected scheme tenure is a key variable in valuation; younger workers and women face greater initial uncertainty as …
Wage Regulation and the Quality of Police Applicants
Pay structures may not reflect differences in individual productivity and effort; in particular, public pay regulation can distort labour markets. We analyse the impact of nationally regulated pay on the quality of applicants to be police officers across England and Wales, exploiting a unique dataset of individual test scores from the national assessment required of all police applicants, and combining this with data on local labour markets and p…
Social Insurance in Transition. An Economic Analysis
Journal Article Social Insurance in Transition. An Economic Analysis Get access Social Insurance in Transition. An Economic Analysis. By JOHN CREEDY and RICHARD DISNEY. (Oxford: Clarendon Press, 1985. Pp. xi + 242. à £20.00 hardback, à £8.95 paperback.) Richard Hemming Richard Hemming International Monetary Fund, Washington D.C. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 385, 1 …
Theorising the Welfare State
This article examines state provision of unemployment insurance (UI) in Britain. State intervention in insurance is normally perceived as stemming from the failure of private markets to meet socially expressed needs, but an examination of the historical development of state provision, and present practice, of UI in Britain suggest that this was not a central concern of state intervention. It is argued that an alternative explanation must stem fro…
The choice of technology in the production of fertilizer
Economics of 'Gobar-Gas' versus Fertilizer
Some Measures of Rural Income Distribution in Ethiopia
The choice of technology in the production of fertilizer
Economics of 'Gobar-Gas' versus Fertilizer
Recurrent Spells and the Concentration of Unemployment in Great Britain
Journal Article Recurrent Spells and the Concentration of Unemployment in Great Britain Get access Richard Disney Richard Disney University of Kent Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 89, Issue 353, 1 March 1979, Pages 109–119, https://doi.org/10.2307/2231410 Published: 01 March 1979
Changes in Labour Market States in Great Britain
Theorising the Welfare State
This article examines state provision of unemployment insurance (UI) in Britain. State intervention in insurance is normally perceived as stemming from the failure of private markets to meet socially expressed needs, but an examination of the historical development of state provision, and present practice, of UI in Britain suggest that this was not a central concern of state intervention. It is argued that an alternative explanation must stem fro…
Mechanisation, employment and productivity in Sudanese agriculture
Social Insurance in Transition
This treatment of the economics of social security examines the aims and operations of state social security systems, concentrating on the social systems--pensions, unemployment, and sickness insurance. The authors analyze the rationale for a social insurance system, the appropriate level of state intervention, and the criteria used to judge a system's performance. The recent literature on the economic theory of insurance and on the labor supply,…
Social Insurance in Transition. An Economic Analysis
Journal Article Social Insurance in Transition. An Economic Analysis Get access Social Insurance in Transition. An Economic Analysis. By JOHN CREEDY and RICHARD DISNEY. (Oxford: Clarendon Press, 1985. Pp. xi + 242. à £20.00 hardback, à £8.95 paperback.) Richard Hemming Richard Hemming International Monetary Fund, Washington D.C. Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 385, 1 …
Where Have Two Million Trade Union Members Gone
This paper presents an econometric model of trade-union membership in the United Kingdom. The empirical model utilizes cyclical variables in the explanation of membership changes, and separates the short- and long-run dynamics explicitly. It proves to be a superior specification to previous "business cycle" models estimated for the United Kingdom and predicts satisfatorily the recent decline in membership. The inclusion of a dummy variable reflec…
Long-Term Unemployment
Journal Article Long-Term Unemployment: An International Perspective Get access Long-Term Unemployment: An International Perspective. BY KENNETH WALSH. (Basingstoke: Macmillan, 1987. Pp. ix+131. £29.50 hardback. ISBN 0 333 38449 0.) Richard Disney Richard Disney University of Kent at Canterbury Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 392, 1 September 1988, Pages 861–862, http…
The “Twin‐pillar” Approach to Social Insurance in the Uk
This paper considers the recent shift towards private provision of social security in the United Kingdom, as part of the "twin-pillar" approach of the Conservative government. Emphasis is on the encouragement of personal and occupational pensions, rather than public provision, above a basic minimum, and the transfer of the administration of sickness insurance to employers via the introduction of statutory sick pay. It is found that the new arrang…
Instead of the Dole
Journal Article Instead of the Dole Get access Instead of the Dole. By HERMIONE PARKER. (London and New York: Routledge, 1989. Pp. xiv + 437. £40.00 hardback. ISBN 0 415 00961 8.) Richard Disney Richard Disney University of Kent at Canterbury Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 399, 1 March 1990, Pages 266–269, https://doi.org/10.2307/2233621 Published: 01 March 1990
Why are There So Many Long Term Sick in Britain
Journal Article Why are There So Many Long Term Sick in Britain? Get access Richard Disney, Richard Disney University of Kent and Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Steven Webb Steven Webb Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 405, 1 March 1991, Pages 252–262, https://doi.org/10…
Labour Markets in an Ageing Europe
Journal Article Labour Markets in an Ageing Europe Get access Labour Markets in an Ageing Europe. Edited by Johnson (Paul) and (KLAUS F.) Zimmermann. (Cambridge and New York: Cambridge University Press, 1993. Pp. xviii + 294. £35.00 hardback, US $59.95 hardback. ISBN 0 521 44398 9.)Age, Work and Social Security. Edited by (A. B.) ATkinson and Rein (Martin). (London and Basingstoke: Macmillan, 1993. Pp. xxiii + 374. £47.50 hardback. ISBN 0 333 567…
Job Tenure and Asset Holdings
The paper examines the impact of housing equity and occupational pension scheme membership on job tenure. Using job duration data from the 1985 General Household Survey, appropriate hazard functions are constructed and estimated. Housing equity data is constructed from GHS, with appropriate adjustment for selection on house movers. Housing equity has a negative impact on male job tenure which is more pronounced the longer the job lasts. In contra…
Averting the Old Age Crisis
Journal Article Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. Get access Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. WORLD BANK POLICY RESEARCH REPORT. (Washington, DC: Oxford University Press for World Bank, 1994. Pp. xxiii + 402. US $19.95 paperback. ISBN 0 195209966.)Pension Funds: Retirement-Income Security, and Capital Markets: An International Perspective. By (E. Philip) Davis.…
British Unions in Decline
This examination of establishment-level data from the Workplace Industrial Relations Surveys of 1980, 1984, and 1990 shows that the proportion of British establishments (that is, workplaces in both the private and public sector) that recognized unions for collective bargaining over pay and working conditions fell by almost 20% between 1980 and 1990. Largely accountable for this decline was a much lower rate of union recognition in establishments …
What Has Happened to Union Recognition in Britain
This paper examines the determinants of establishment-level union recognition status using data from the three Workplace Industrial Relations Surveys of 1980, 1984 and 1990. Our theoretical approach argues that product and labour market variables dated at (or around) the establishment's setup should be considered the crucial determinants of recognition status. Confirmation of these predictions is found for private-sector manufacturing establishme…
What are Occupational Pension Plan Entitlements Worth in Britain
The acquisition of rights by workers in private pension plans underpins retirement behavior, recruitment policy, and wage structure but there is controversy as to how these individual pension rights should be valued. The paper combines four data-sets to calculate pension entitlements for a sample of 3, 000 British workers in 1987. Expected scheme tenure is a key variable in valuation; younger workers and women face greater initial uncertainty as …
Pension Schemes and Pension Funds in the United Kingdom
Can We Afford to Grow Older? A Perspective on the Economics of Aging
The United States Social Security fund is huge and in trouble. The United Kingdom has experimented with the voluntary contracting out of pensions to the private sector. Chile has privatized its public pension system. Australia has adopted a means-tested public pension system. Japan has the earliest retirement age of any advanced economy; it also has the highest rate of labor force participation by elderly men. Can We Afford to Grow Older? provide…
Public pay in Britain in the 1990s
Public pay in Britain in the 1990s
Can We Afford to Grow Older? A Perspective on the Economics of Aging
Economics (35 obras) · Political science (16 obras) · Financial Literacy, Pension, Retirement Analysis (15 obras) · Labour economics (14 obras) · Sociology (14 obras) · Business (13 obras) · Retirement, Disability, and Employment (12 obras) · Computer Science (10 obras) · Economic growth (9 obras) · Finance (9 obras)