Oxford Economic Papers articles from October 1998

Oxford Economic Papers archives from October 1998

Roy Harrod and the Oxford Economists' Research Group's inquiry on prices and interest, 1936-39.
October 1, 1998... 1. Introduction(1) In 1936, a group of economists in Oxford (Hubert D. Henderson as the chairman, Roy F. Harrod, James E. Meade, Redvers Opie, Henry Phelps Brown, Russell F. Bretherton, Jacob Marschak, Robert Hall, Charles Hitch, later...

On economic causes of civil war.
October 1, 1998... 1. Introduction This paper investigates whether civil wars have economic causes. Explanations of particular civil wars often invoke such causes. For example, the war in Rwanda has been attributed to pressure on land, while that in Angola has...

Poverty and the welfare state in interwar London.
October 1, 1998... 1. Introduction The measurement of working class poverty and its relationship to social security was a growing preoccupation in the decades before the Second World War and it has been widely discussed by historians. This debate was greatly...

Who should be on workfare? The use of work requirements as part of an optimal tax mix.
October 1, 1998... 1. Introduction The aim of the optimal income taxation literature is to make precise the limits to redistribution implied by behavioural responses to progressive taxation. In its modern form, as expressed by Mirrlees (1971), the optimal tax...

Famine: a simple general equilibrium model.
October 1, 1998... 1. Introduction Famine, according to Thomas Malthus (1798), 'seems to be the last, the most dreadful resource of nature', that restores demographic equilibrium after the arithmetic advance of the means of subsistence is overwhelmed by the...

Credibility and monetary policy in a model with growth.
October 1, 1998... 1. Introduction The recent empirical literature on economic growth has given considerable emphasis to the impact of macroeconomic factors on growth. Theoretical models identify a negative relationship between growth and inflation, usually...

The influence of firms' financial policy on tax reform.
October 1, 1998... 1. Introduction The tax system may significantly reduce real capital investment and hence productivity and real incomes. Yet there is no consensus as to the mechanisms involved, as the study of investment behaviour has not yielded clear...

Active labour market policies and job tenure.
October 1, 1998... 1. Introduction In this paper we study the effect of subsidised on-the-job training, classroom training for the unemployed and pure wage subsidies to employers (i.e. without a compulsory training content). We analyse the effect of these...

Worker turnover and job reallocation: the role of fixed-term contracts.
October 1, 1998... I. Introduction The increasing interest in the dynamics of labour markets since the 1970s has generated much work on the computation of worker and job turnover. Such work has concluded that the amount of job reallocation (the sum of job...

Efficiency wages, trade unions, and employment.
October 1, 1998... 1. Introduction There has been widespread interest in the idea that the level of unemployment benefits may affect aggregate unemployment. A commonly held belief is that an increase in lump-sum unemployment benefits raises wages, reduces...