Monthly Archives: February 2017

How your sexual orientation affects your salary in the UK

Finding the right data

Since the mid-1990s, labour market discrimination based on sexual orientation has been investigated by a number of researchers (Badgett 1995, Black et al. 2003, Arabsheibani et al. 2005 and others). These studies frequently find sizeable earnings differences: 1) partnered gay men earn significantly less than partnered heterosexual men; and 2) partnered lesbian women earn significantly more than partnered heterosexual […]

When corporate scandal hits retail investors close to home

Besides inflicting losses to shareholders, corporate fraud may also have indirect effects on people’s willingness to participate in the stock market, which may generate even larger losses by increasing the cost of capital for other firms. Evidence of the externalities generated by corporate fraud, however, is quite limited.

In our paper, we explore the effect of corporate scandals on the demand […]

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    The contradiction of classical liberalism and libertarianism

The contradiction of classical liberalism and libertarianism

A standard assumption in policy analyses and political debates is that classical liberal or libertarian views represent a radical alternative to a progressive or egalitarian agenda.

In the political arena, classical liberalism and libertarianism often inform the policy agenda of centre-right and far-right parties. They underpin laissez-faire policies and reject any redistributive action, including welfare state provisions and progressive taxation. […]

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    The hidden cost of downsizing: demotivating the remaining employees

The hidden cost of downsizing: demotivating the remaining employees

Firms that lay off staff can see a significant reduction in the performance of their remaining workers, according to our experimental study. Our research suggests that firms that decide to ‘downsize’ their workforce should be wary of how the layoff decision is perceived by the remaining (“surviving”) workers. If the surviving staff interpret the decision as a way to boost […]