Monthly Archives: November 2016

Changing jobs does not necessarily bring you happiness

Image by geralt, under a CC0 licence
Searching and hiring workers imposes high costs on firms, not least when it comes to vacancies that need to be filled with extraordinary talents. Once a worker is hired, it is important to ensure a successful integration of the newcomer. The key process here is organisational socialisation, which renders a new worker, who […]

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    Why we seldom hear of transgender employees in our workplaces

Why we seldom hear of transgender employees in our workplaces

Wall, by josemdelaa, under a CC0 licence
Given advances in the gay, lesbian and bisexual movement over the last several decades, society assumes that the achievement has been similar for the transgender community (those whose gender identity does not correspond to the sex they were assigned at birth). Despite the increasing public presence of transgender (or ‘trans’) individuals in entertainment and […]

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    What industry incumbents need to know about platform models before it’s too late

What industry incumbents need to know about platform models before it’s too late

Portland cab drivers protest, by Aaron Parecki, under a CC-BY-2.0 licence
Amazon, Airbnb, Uber, Facebook have been hogging the news. The headline figures are arresting. Amazingly, Uber has already surpassed BMW’s market capitalization. A seven-year old upstart company with a mere 6,700 employees is valued more highly than a hundred-year old company with one of the world’s best known automotive brands […]

When productivity goes up, firms raise salaries

Corporate building, by groar, under a CC0 licence
Firms are important for workers’ wages. This blog post investigates the extent to which differences in firms’ pay are related to differences in firms’ physical productivity. Based on matched employer-employee data from Sweden, it finds that firms that benefit from positive productivity shocks increase wages of incumbent workers. The impact is larger if […]

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    Perversion at work: organising colleagues against one another

Perversion at work: organising colleagues against one another

Sandro Botticelli – Inferno, Canto XVIII (cropped), Public Domain
Perversion happens even in the best of companies. One can encounter it in education, in big multi-nationals, in handicraft businesses, or in a small neighbourhood store. Yet no matter where a ‘pervert kernel’ crops up, its victims suffer.

Psychoanalysis offers us important tools for understanding the darker side of relational complications in […]

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    The paradox of bullied and frightened workers delivering quality care

The paradox of bullied and frightened workers delivering quality care

Top physician, nurse leaders carve out time for patient care, by Army Medicine, under a CC-BY-2.0 licence
As the crisis in health and social care deepens, the paradox of a bullied and frightened workforce delivering quality patient care becomes pronounced. Far from the abstract leadership literature, the management challenge has become how to build functioning teams often within an institutional context […]

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    Renewable Energy Finance: Powering the Future – Book Review

Renewable Energy Finance: Powering the Future – Book Review

Renewable Energy Finance: Powering the Future. Charles W. Donovan (ed.). Imperial College Press. 2015.

Find this book: 

Climate change stands as one of the most foreboding challenges facing humankind. Renewable energy integration is essential to solving this puzzle, but the deployment of less-mature renewables is hamstrung by many issues – especially financing. Any contribution that can shed additional insight on this […]

November 27th, 2016|Book Review, Joel Krupa|0 Comments|
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    Britain’s industrial policy will not halt manufacturing decline

Britain’s industrial policy will not halt manufacturing decline

A biotech lab by PublicDomainPictures, under a CC0 licence
There is good news for British manufacturing. Since 2011, the historical decline in jobs within the sector has gone into reverse, with the number of jobs having risen by around 5 per cent. There had been a decline in jobs of 21 per cent from 1981 to 1991, 15 per cent from 1991 […]

November 26th, 2016|Craig Berry, Economics|0 Comments|
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    Time to retire the stereotype of bankers as reckless anti-heroes

Time to retire the stereotype of bankers as reckless anti-heroes

Arkham City Joker, by greyloch, under a CC-BY-SA-2.0 licence

Imagine a world where financial institutions are characterised by pay proposals that break the cycle of pay inflation; by traders enjoying long careers within one organisation and by senior management adopting a pragmatic attitude to risk. My guess is that you can’t.

It’s difficult to think of bankers as anything other than the stereotype […]

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    From gratitude to resentment: The downside of working from home

From gratitude to resentment: The downside of working from home

Office work, by Unsplash, under a CC0 licence
It’s common for employers keen to promote a healthy modern workplace culture to offer at least some degree of flexible working to employees, whether they are parents who duck out of the office early to make the school run, those faced with lengthy commutes or even employees who simply wish to stay […]

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    Autumn Statement does little to dampen fears for the economic health of the UK

Autumn Statement does little to dampen fears for the economic health of the UK

Philip Hammond, by Foreign and Commonwealth Office, under a CC-BY-2.o licence
In his first Autumn Statement (and last – since he has decided to abolish them in favour of an annual November budget), the Chancellor presented the key forecasts from the Office for Budet Responsibility’s economic and fiscal outlook, the first since the June referendum. While there is still major uncertainty […]

Navigating the new anti-money laundering normal

Money laundering, by The Preiser Project, under a CC-BY-2.0 licence
A series of recent news events have highlighted the continued focus of global regulators on money laundering and compliance failures at international financial institutions — and made it clear this focus is only likely to intensify in the months ahead. This makes it more crucial than ever that institutions have the […]

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    Brexit and its effect on the pound, the UK’s trading position and productivity

Brexit and its effect on the pound, the UK’s trading position and productivity

London Pano (cropped), by kloniwotski, under a CC BY-SA 2.0 licence
The 23 June referendum had a clear effect on the pound’s value in the currency markets. Overnight, it dropped 10 per cent relative to the dollar, and reached its lowest value in 31 years. While the currency is still widely fluctuating months later, there is an overall downward sloping trend in […]

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    Industrial policy: Past, present and future in post-Brexit Britain and beyond

Industrial policy: Past, present and future in post-Brexit Britain and beyond

Union Jack, by PeteLinforth, under a CC0 licence
One in a series of evidence sessions for the Centre for Economic Performance’s second Growth Commission, a panel of top-tier economists, policymakers and business figures set out their visions for a best practice industrial strategy, before taking questions on: the impact of Brexit, where next for state aid, the role of governmental […]

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    Sherry Coutu: ‘There’s no such thing as small and medium-sized firms’

Sherry Coutu: ‘There’s no such thing as small and medium-sized firms’

Photo provided by Sherry Coutu
In Sherry Coutu’s world, the word SMEs (small and medium-sized enterprises) would be abolished, because they offer only a static snapshot of a company’s scale. “You’re either growing or shrinking,” she says. Sherry is a serial entrepreneur, angel investor and advisor who founded the Scale Up institute (among many other ventures) to provide support to […]

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    The unintended consequences of an Italian labour protection law

The unintended consequences of an Italian labour protection law

View of the Streets of Rome From Piazza di Spagna (cropped), by edwin.11, under a CC-BY-2.o licence
Legislation aimed at protecting employees can damage firms’ productivity, according to our research. Our study of the effects of a law in Italy that raised the cost to small businesses of dismissing staff finds that these firms increased their capital stock but that their […]

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    Values we learn from our parents influence our trust in others with money and business

Values we learn from our parents influence our trust in others with money and business

Clasped hands, by skeeze, under a CC0 licence
Daily life often entails assessing the trustworthiness of others and deciding whom to trust, a fact not lost on economists. Nobel laureate Ken Arrow (1972) famously asserted that trust is a prerequisite for most economic activity. A subsequent large and lively literature in economics documents strong relationships between nations’ general levels of trust and […]

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    Central banks of developing nations should issue digital currency

Central banks of developing nations should issue digital currency

Bitcoin keychain extended background, by BTC Keychain, under a CC-BY-2.0 licence
Over the past few months, academics and central bankers have been involved in a dialogue over whether central banks issue digital currency. We have made our own contribution to this conversation, but perhaps we should be asking a different question. In addition to whether central banks should issue digital currency, […]

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    Healing the rifts between mental health workers and psychiatric survivors

Healing the rifts between mental health workers and psychiatric survivors

Back head, grey hairs, by Philippe Alès, own work, under a CC BY-SA 4.0 licence, via Wikimedia Commons
Many people who have used mental health services, especially if they have experienced compulsory treatment or detention, describe themselves as ‘psychiatric survivors.’ This doesn’t just mean they have survived a mental health crisis, or the damaging circumstances that may have led to it. It also means […]

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    In the absence of proper jobs, therapists turn to precarious work

In the absence of proper jobs, therapists turn to precarious work

Lights, abstract, blur, orange, by littlevisuals.co, under a CC0 licence
A dismayed psychotherapist in the Midlands, struggling to re-build a private practice after a career break, recently came across an advert on Facebook for a local counselling course, promising ‘the career of your dreams’. Inevitably it had elicited an array of likes and questions about how long it takes and how […]